California Family Code 2551 – For the purposes of division and in confirming or assigning the …
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For the purposes of division and in confirming or assigning the liabilities of the parties for which the community estate is liable, the court shall characterize liabilities as separate or community and confirm or assign them to the parties in accordance with Part 6 (commencing with Section 2620).
(Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.)
Terms Used In California Family Code 2551
- Community estate: includes both community property and quasi-community property. See California Family Code 63
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.