Court Opinion

ID: 9586652
Source: CourtListenerOpinion
Date Created: 2023-08-21 23:13:45.21097+00
Date Added: 2024-06-11T17:32:46.756115
License: Public Domain

HODGES, Justice
(concurring in part and dissenting in part).
I concur in the opinion of the majority except for the following item of distribution of property:
The plaintiff was the owner before her marriage to the defendant of 1200 shares of Stearns-Roger stock. During the marriage the defendant obtained a loan from a bank in Denver, Colorado, pledging this stock as collateral. The unpaid balance of this encumbrance at the time of trial was $8,-500.00. The trial court awarded the Stearns-Roger stock to the plaintiff, but required the plaintiff to assume the obligation of repaying the balance of the loan in the amount of $8,500.00. In my opinion a more equitable division of property would be to award the Stearns-Roger stock to the plaintiff, free of any encumbrance or obligation and to require the defendant to assume responsibility of repayment of the ' unpaid balance of the loan.