§ 2516. Certain property settlements

215 words·~1 min read·/usc/title-26/section-2516

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Where a husband and wife enter into a written agreement relative to their marital and property rights and divorce occurs within the 3-year period beginning on the date 1 year before such agreement is entered into (whether or not such agreement is approved by the divorce decree), any transfers of property or interests in property made pursuant to such agreement—

(1)to either spouse in settlement of his or her marital or property rights, or

(2)to provide a reasonable allowance for the support of issue of the marriage during minority,

shall be deemed to be transfers made for a full and adequate consideration in money or money’s worth.

(Aug. 16, 1954, ch. 736, 68A Stat. 409; Pub. L. 98–369, div. A, title IV, § 425(b), July 18, 1984, 98 Stat. 804.)

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statutes-at-large

Public Law 98–369
To provide for tax reform, and for deficit reduction

6 references not yet in our index

Aug. 16, 1954, ch. 736
68A Stat. 409
Pub. L. 98–369, div. A, title IV, § 425(b)
98 Stat. 804
Pub. L. 98–369
Pub. L. 98–369, div. A, title IV, § 425(c)(2)

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§ 2516

Certain property settlements

Stat.×1

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 409

Pub. L.Pub. L. 98–369, div. A, title IV, § 425(b)

Stat.98 Stat. 804

Pub. L.Pub. L. 98–369

Cites 6 · showing 5Cited by 1 across 1 source