Tuesday, October 4, 2011

Article 210 Title VI, Chapter 6 of the Civil Code of the Philippines

Article 210: Upon the dissolution and liquidation of the community, the net assets shall be divided equally between the husband and the wife or their heirs. In case of legal separation or annulment of marriage, the provisions of Articles 176 and 177 shall apply to the net profits acquired during the marriage. 

EXPLANATION:
            
               Art. 176. In case of legal separation, the guilty spouse shall forfeit his or her share of the conjugal partnership profits, which shall be awarded to the children of both, and the children of the guilty spouse had by a prior marriage. However, if the conjugal partnership property came mostly or entirely from the work or industry, or from the wages and salaries, or from the fruits of the separate property of the guilty spouse, this forfeiture shall not apply.
In case there are no children, the innocent spouse shall be entitled to all the net profits. (n)
Art. 177. In case of annulment of the marriage, the spouse who acted in bad faith or gave cause for annulment shall forfeit his or her share of the conjugal partnership profits. The provision of the preceding article shall govern. (n)

              It is clearly stated that the net assets shall be divided equally between the husband and the wife or their heirs ( a person who will become the owner of all or part of another’s property or titles on that other’s death). Articles 176 and 177 shall apply if there is legal separation or annulment incurred.
 

No comments:

Post a Comment