Volume 93, Issue 129
Royal Gazette
15 October 2519
When personal property has been destroyed in whole or in part but other property or money has been acquired as its replacement, such other property or money acquired becomes personal property.
Section1473.Personal property shall be administered by either spouse to whom it belongs.
Section1474.Marital property is property—
(1)which is acquired by the spouses during the marriage;
(2)which is acquired by either spouse through a will or gift made in writing during the marriage, when the will or gift letter specifies that it be marital property;
(3)which is a fruit of personal property.
In the event of doubt as to whether or not any property is marital property, it shall be presumed to be marital property.
Section1475.If any marital property falls under the category specified in section 456 of this Code or is accompanied by an evidentiary document, the husband or wife may request entry of his or her name in that document as a co-owner.
Section1476.The husband and wife jointly administer the marital property, save where the premarital contract designates otherwise.
