The proposed bill amends Title 20 of the Pennsylvania Consolidated Statutes by introducing the "Uniform Partition of Heirs Property Act," which establishes a structured approach for partitioning heirs property held in tenancy in common without a binding agreement among cotenants. Key provisions include a right of first refusal for cotenants when a bona fide offer is made by non-cotenants, requirements for service and notice by posting, and a mandatory settlement conference prior to further action in partition cases. The bill also delineates the roles of hearing officers, the process for determining property value, and options for cotenant buyouts, emphasizing the necessity of good faith negotiations during the settlement conference.

Furthermore, the bill outlines the court's responsibilities in managing the partition process, including notifying parties, setting payment deadlines, and reallocating interests based on timely payments. It provides guidelines for handling situations where not all cotenants fulfill their financial obligations and specifies the court's considerations when deciding on partition in kind versus by sale. The bill mandates that any sale of heirs' property must occur as an open-market sale unless otherwise justified, and it requires brokers to report on the sale process. Overall, the legislation aims to ensure equitable treatment of cotenants while streamlining the legal procedures involved in partition actions.