👉 Nonconvertibility is a legal concept in the United States that pertains to the inability of one party to convert their property or assets into another party's property or asset. This can occur when one party has an ownership interest in a property, such as by way of inheritance, and the other party does not have an equal right to the same property interest. In this situation, nonconvertibility means that the original owner cannot transfer the property or asset back to the nonconvertible party, even if
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