Treatment of Certain Property at Dissolution

Treatment of Certain Property at Dissolution. Except as provided in 8 CMC § 1832: (a) In a dissolution, all property then owned by the spouses that was acquired during the marriage and before the determination date which would have been marital property under this chapter if acquired after the determination date must be treated as if it were marital property. (b) In a dissolution, any property of either spouse which can be traced to property received by a spouse after the determination date as a recovery for a loss of earning capacity during marriage must be treated as if it were marital property. (c) After a dissolution, each former spouse owns an undivided one-half interest in the former marital property as a tenant in common except as provided otherwise in a decree or written consent, and subject to the restrictions of N.M.I. Const. art. XII. Source: PL 7-22, § 20.