20 chapters · 379 sections in this title.
8 CMC § 1811 Short Title
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Short Title. This chapter shall be known as the Commonwealth Marital Property Act of 1990. Source: PL 7-22, § 1. Commission Comment: PL 7-22 took effect February 22, 1991. The Uniform Marital Property Act was approved by the National Conference of Commissioners on Uniform State L…
8 CMC § 1812 Purpose and Findings
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Purpose and Findings. The purpose of this chapter is to affirm and clarify the property rights of married persons in the Commonwealth. The legislature finds that the Commonwealth lacks statutory law which defines the respective property rights of married persons in the Commonweal…
8 CMC § 1813 Definitions
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Definitions. (a) “Acquire” in relation to property means to obtain by any means and includes reducing indebtedness on encumbered property and obtaining a lien on or security interest in property. (b) “Appreciation” means a realized or unrealized increase in the value of property.…
8 CMC § 1814 Responsibility Between Spouses
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Responsibility Between Spouses. (a) Each spouse shall act in good faith with respect to the other spouse in matters involving marital property or other property of the other spouse. This obligation may not be lessened by a marital property agreement. (b) Management and control by…