Bill Text - HB106 (2015)

Relative to marital assets in divorce proceedings.


Revision: March 27, 2015, midnight

HB 106 – AS INTRODUCED

2015 SESSION

15-0065

05/01

HOUSE BILL 106

AN ACT relative to marital assets in divorce proceedings.

SPONSORS: Rep. Flanagan, Hills 26; Rep. Abrami, Rock 19; Rep. Oligny, Rock 34

COMMITTEE: Judiciary

ANALYSIS

This bill excludes property acquired by gift or inheritance from the marital assets subject to equitable division by the court in cases of divorce.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0065

05/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT relative to marital assets in divorce proceedings.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Paragraph; Annulment, Divorce and Separation; Property Settlement; Gift and Inheritance Excluded. Amend RSA 458:16-a by inserting after paragraph III the following new paragraph:

III-a. Notwithstanding paragraphs I and II, any property acquired by either party prior to or during the course of the marriage as a gift, bequest, devise, or inheritance, or paid for by either party with funds so acquired, shall remain the property of such party and shall not be treated as property of the marriage subject to equitable division under this section.

2 Repeal. RSA 458:16-a, II(n), relative to property acquired by gift, devise, or descent, is repealed.

3 Effective Date. This act shall take effect January 1, 2016.