26 U.S.C. § 2516 — Certain property settlements
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 109 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
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—
to either spouse in settlement of his or her marital or property rights, or
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.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 409; Pub. L. 98–369, div. A, title IV, § 425(b), July 18, 1984, 98 Stat. 804.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1984Amended · Pub. L. 98-369 · 98 Stat. 804
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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