The proposed bill introduces a new chapter titled "Uniform Partition of Heirs Property Act" to Title 20 of the Pennsylvania Consolidated Statutes, establishing a structured framework for the partition of heirs property, which is defined as real 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 legal action. The bill also delineates the roles of hearing officers, the process for determining property value, and options for cotenant buyouts, emphasizing good faith negotiations and judicial oversight in disputes.

Additionally, the bill outlines procedures for partitioning heirs property, including partition by sale or in kind, and details the rights of cotenants to purchase interests in the property. It specifies the court's responsibilities in managing buyouts, including payment procedures and deadlines, and the consequences of timely or untimely payments. The legislation also allows for property sales through open-market or sealed bids, ensuring that sales are conducted in a manner beneficial to all cotenants. Overall, the bill aims to promote clarity, uniformity, and fairness in the partition process, protecting the interests of cotenants involved in property disputes.