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Section 4.204 – Management Of Converted Property

May 14, 2021 | Family Law, Texas

Except as specified in the agreement to convert the property and as provided by Subchapter B, Chapter 3, and other law, property converted to community property under this subchapter is subject to:

(1) the sole management, control, and disposition of the spouse in whose name the property is held;
(2) the sole management, control, and disposition of the spouse who transferred the property if the property is not subject to evidence of ownership;
(3) the joint management, control, and disposition of the spouses if the property is held in the name of both spouses; or
(4) the joint management, control, and disposition of the spouses if the property is not subject to evidence of ownership and was owned by both spouses before the property was converted to community property.

Tex. Fam. Code ยง 4.204

Added by Acts 1999, 76th Leg., ch. 692, Sec. 3, eff. Jan. 1, 2000.