The Mitakshara Law is a legal and traditional Hindu law system that primarily governs the rules of inheritance and property rights among members of a Hindu Undivided Family (HUF).
It is one of the two major schools of Hindu law, the other being the Dayabhaga school.
The term Mitakshara is derived from the name of a commentary written by Vijnaneswara (a scholar in the Western Chalukya court in the late eleventh and early twelfth century), on the Yajnavalkya Smriti.
Mitakshara is also known as the school of aggregate ownership(survivorship or notional partition).
Mitakshara dictates rules in the area of inheritance, property disputes and many more. Vijnaneshwara was the first person to give the concept of joint family property, the right of property by birth, and the rules of partition.
It is observed in all parts of India and subdivided into the Benares, the Mithila, the Maharashtra, and the Dravida schools. The exception to this is Bengal and Assam which follow Dayabhaga Law.
Mitakshara and Dayabhaga terms were used to denote regions. It is not related to the caste system.