98. Whenever two or more persons are owners of any land as joint owners, or owners in common, or by undivided shares, any contract or agreement made in good faith with one or more of them, being owner or owners of one-third or more of such land, as to the amount of compensation for the same or for any damages thereto, shall be binding upon the remaining owner or owners, as joint owner or owners in common and by undivided shares.
The owners, who have so agreed, may deliver possession of such land, or empower the company to enter upon the same, as the case may be.
R. S. 1964, c. 290, s. 98.