How to make files created in a directory owned by directory group?

How to make files created in a directory owned by directory group? Is there a way, on Linux, to cause all new files created in a directory to be owned by the directory's group instead of the creating user's group?
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bert [Entry]

"If you chmod g+s directory then all the files created in that directory will be owned by that group.

newgroup is really a holdover from the days when you could only be in one group, and isn't really needed nowadays."