MLchartDataset catalogue

Community property

Term · Law · MLC-T-LAW-001108

A system of property ownership recognized in certain states, where assets acquired by either spouse during marriage are considered jointly owned by both spouses. Upon divorce or death, community property is typically divided equally between the spouses. This system contrasts with separate property, which is owned individually.

Table 1. Record
IdentifierMLC-T-LAW-001108
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001108",
  "term": "Community property",
  "field": "Law",
  "definition": "A system of property ownership recognized in certain states, where assets acquired by either spouse during marriage are considered jointly owned by both spouses. Upon divorce or death, community property is typically divided equally between the spouses. This system contrasts with separate property, which is owned individually.",
  "url": "https://mlchart.com/terminology/law/community-property/"
}

Record 939 of 5,441 in Law terminology (MLC-0107). Request the full dataset.