Source: https://www.lawserver.com/law/state/tennessee/tn-code/tennessee_code_36-4-121
Timestamp: 2019-07-16 10:14:58
Document Index: 578898655

Matched Legal Cases: ['§ 36', '§ 1', '§ 8446', '§ 1', '§ 4', '§ 36', '§ 1', '§ 2', '§ 1', '§ 6', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 8']

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Tennessee Code > Title 36 > Chapter 4 > § 36-4-121 - Distribution of marital property
Tennessee Code 36-4-121 – Distribution of marital property
Terms Used In Tennessee Code 36-4-121
(A) Any auction sale of property ordered pursuant to this section shall be conducted in accordance with the provisions of title Code Sec. t35″>35, chapter 5.
(1) (A) “Marital property” means all real and personal property, both tangible and intangible, acquired by either or both spouses during the course of the marriage up to the date of the final divorce hearing and owned by either or both spouses as of the date of filing of a complaint for divorce, except in the case of fraudulent conveyance in anticipation of filing, and including any property to which a right was acquired up to the date of the final divorce hearing, and valued as of a date as near as reasonably possible to the final divorce hearing date. In the case of a complaint for legal separation, the court may make a final disposition of the marital property either at the time of entering an order of legal separation or at the time of entering a final divorce decree, if any. If the marital property is divided as part of the order of legal separation, any property acquired by a spouse thereafter is deemed separate property of that spouse. All marital property shall be valued as of a date as near as possible to the date of entry of the order finally dividing the marital property.
(D) As used in this subsection (b), “substantial contribution” may include, but not be limited to, the direct or indirect contribution of a spouse as homemaker, wage earner, parent or family financial manager, together with such other factors as the court having jurisdiction thereof may determine.
(2) The court may impose a misdemeanor upon the marital real property assigned to a party as security for the payment of spouse support or payment pursuant to property division.
[Acts 1953, ch. 90, § 1 (Williams, § 8446); 1959, ch. 192, § 1; 1983, ch. 414, § 4; T.C.A. (orig. ed.), § 36-825; Acts 1984, ch. 590, § 1; 1986, ch. 722, § 2; 1987, ch. 122, § 1; 1987, ch. 390, § 6; 1988, ch. 682, § 1; 1988, ch. 735, § 1; 1988, ch. 841, §§ 1, 2; 1991, ch. 449, § 1; 2000, ch. 713, §§ 1-9; 2001, ch. 274, § 1; 2002, ch. 651, § 8.]
David M. Sandy, J.D.
Memphis Family Law, Real Estate and Personal Injury Law Firm