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P-2.2 - Act to facilitate the payment of support

Section 51.3
Disposition versions

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51.3. For the purposes of section 51.1, where the property is transferred to a spouse pursuant to a decree, order or judgment of a competent court or pursuant to a written separation agreement, the fair market value of the property at the time of the transfer is deemed to be equal to zero if, at that time, the transferor and the transferor’s spouse are living separate and apart because of the breakdown of their marriage.
2001, c. 55, s. 11.
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