MANAGEMENT AND CONTROL OF MARITAL PROPERTY

Cal. FAM § 1101

California Statutes

(

a) A spouse has a claim against the other spouse for any breach of the fiduciary duty that results in impairment to the claimant spouse’s present undivided one-half interest in the community estate, including, but not limited to, a single transaction or a pattern or series of transactions, which transaction or transactions have caused or will cause a detrimental impact to the claimant spouse’s undivided one-half interest in the community estate. (

b) A court may order an accounting of the property and obligations of the parties to a marriage and may determine the rights of ownership in, the beneficial enjoyment of, or access to, community property, and the classification of all property of the parties to a marriage. (

c) A court may order that the name of a spouse shall be added to community property held in the name of the other spouse alone or that the title of community property held in some other title form shall be reformed to reflect its community character, except with respect to any of the following:

(1) A partnership interest held by the other spouse as a general partner.

(2) An interest in a professional corporation or professional association.

(3) An asset of an unincorporated business if the other spouse is the only spouse involved in operating and managing the business.

(4) Any other property, if the revision would adversely affect the rights of a third person. (d)

(1) Except as provided in paragraph (2), any action under subdivision (

a) shall be commenced within three years of the date a petitioning spouse had actual knowledge that the transaction or event for which the remedy is being sought occurred.

(2) An action may be commenced under this

section upon the death of a spouse or in conjunction with an action for legal separation, dissolution of marriage, or nullity without regard to the time limitations set forth in paragraph (1).

(3) The defense of laches may be raised in any action brought under this section.

(4) Except as to actions authorized by paragraph (2), remedies under subdivision (

a) apply only to transactions or events occurring on or after July 1, 1987. (

e) In any transaction affecting community property in which the consent of both spouses is required, the court may, upon the motion of a spouse, dispense with the requirement of the other spouse’s consent if both of the following requirements are met:

(1) The proposed transaction is in the best interest of the community.

(2) Consent has been arbitrarily refused or cannot be obtained due to the physical incapacity, mental incapacity, or prolonged absence of the nonconsenting spouse. (

f) Any action may be brought under this

section without filing an action for dissolution of marriage, legal separation, or nullity, or may be brought in conjunction with the action or upon the death of a spouse. (

g) Remedies for breach of the fiduciary duty by one spouse, including those set out in Sections and 1100, shall include, but not be limited to, an award to the other spouse of percent, or an amount equal to percent, of any asset undisclosed or transferred in breach of the fiduciary duty plus attorney’s fees and court costs. The value of the asset shall be determined to be its highest value at the date of the breach of the fiduciary duty, the date of the sale or disposition of the asset, or the date of the award by the court. (

h) Remedies for the breach of the fiduciary duty by one spouse, as set forth in Sections and 1100, when the breach falls within the ambit of

Section of the Civil Code shall include, but not be limited to, an award to the other spouse of percent, or an amount equal to percent, of any asset undisclosed or transferred in breach of the fiduciary duty.

Document details

CollectionCalifornia Statutes
CitationCal. FAM § 1101
Date2002-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierFAM1101.20017031

MANAGEMENT AND CONTROL OF MARITAL PROPERTY

Cal. FAM § 1101

California Statutes

MANAGEMENT AND CONTROL OF MARITAL PROPERTY

Cal. FAM § 1101

California Statutes

(

a) A spouse has a claim against the other spouse for any breach of the fiduciary duty that results in impairment to the claimant spouse’s present undivided one-half interest in the community estate, including, but not limited to, a single transaction or a pattern or series of transactions, which transaction or transactions have caused or will cause a detrimental impact to the claimant spouse’s undivided one-half interest in the community estate. (

b) A court may order an accounting of the property and obligations of the parties to a marriage and may determine the rights of ownership in, the beneficial enjoyment of, or access to, community property, and the classification of all property of the parties to a marriage. (

c) A court may order that the name of a spouse shall be added to community property held in the name of the other spouse alone or that the title of community property held in some other title form shall be reformed to reflect its community character, except with respect to any of the following:

(1) A partnership interest held by the other spouse as a general partner.

(2) An interest in a professional corporation or professional association.

(3) An asset of an unincorporated business if the other spouse is the only spouse involved in operating and managing the business.

(4) Any other property, if the revision would adversely affect the rights of a third person. (d)

(1) Except as provided in paragraph (2), any action under subdivision (

a) shall be commenced within three years of the date a petitioning spouse had actual knowledge that the transaction or event for which the remedy is being sought occurred.

(2) An action may be commenced under this

section upon the death of a spouse or in conjunction with an action for legal separation, dissolution of marriage, or nullity without regard to the time limitations set forth in paragraph (1).

(3) The defense of laches may be raised in any action brought under this section.

(4) Except as to actions authorized by paragraph (2), remedies under subdivision (

a) apply only to transactions or events occurring on or after July 1, 1987. (

e) In any transaction affecting community property in which the consent of both spouses is required, the court may, upon the motion of a spouse, dispense with the requirement of the other spouse’s consent if both of the following requirements are met:

(1) The proposed transaction is in the best interest of the community.

(2) Consent has been arbitrarily refused or cannot be obtained due to the physical incapacity, mental incapacity, or prolonged absence of the nonconsenting spouse. (

f) Any action may be brought under this

section without filing an action for dissolution of marriage, legal separation, or nullity, or may be brought in conjunction with the action or upon the death of a spouse. (

g) Remedies for breach of the fiduciary duty by one spouse, including those set out in Sections and 1100, shall include, but not be limited to, an award to the other spouse of percent, or an amount equal to percent, of any asset undisclosed or transferred in breach of the fiduciary duty plus attorney’s fees and court costs. The value of the asset shall be determined to be its highest value at the date of the breach of the fiduciary duty, the date of the sale or disposition of the asset, or the date of the award by the court. (

h) Remedies for the breach of the fiduciary duty by one spouse, as set forth in Sections and 1100, when the breach falls within the ambit of

Section of the Civil Code shall include, but not be limited to, an award to the other spouse of percent, or an amount equal to percent, of any asset undisclosed or transferred in breach of the fiduciary duty.

Document details

CollectionCalifornia Statutes
CitationCal. FAM § 1101
Date2002-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierFAM1101.20017031