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To amend section 3105.171 of the Revised Code to | 1 |
require the court in divorce or legal separation | 2 |
proceedings to require the spouses to fully | 3 |
disclose their assets and to include nondisclosure | 4 |
of assets as financial misconduct. | 5 |
Section 1. That section 3105.171 of the Revised Code be | 6 |
amended to read as follows: | 7 |
Sec. 3105.171. (A) As used in this section: | 8 |
(1) "Distributive award" means any payment or payments, in | 9 |
real or personal property, that are payable in a lump sum or over | 10 |
time, in fixed amounts, that are made from separate property or | 11 |
income, and that are not made from marital property and do not | 12 |
constitute payments of spousal support, as defined in section | 13 |
3105.18 of the Revised Code. | 14 |
(2) "During the marriage" means whichever of the following is | 15 |
applicable: | 16 |
(a) Except as provided in division (A)(2)(b) of this section, | 17 |
the period of time from the date of the marriage through the date | 18 |
of the final hearing in an action for divorce or in an action for | 19 |
legal separation; | 20 |
(b) If the court determines that the use of either or both of | 21 |
the dates specified in division (A)(2)(a) of this section would be | 22 |
inequitable, the court may select dates that it considers | 23 |
equitable in determining marital property. If the court selects | 24 |
dates that it considers equitable in determining marital property, | 25 |
"during the marriage" means the period of time between those dates | 26 |
selected and specified by the court. | 27 |
(3)(a) "Marital property" means, subject to division | 28 |
(A)(3)(b) of this section, all of the following: | 29 |
(i) All real and personal property that currently is owned by | 30 |
either or both of the spouses, including, but not limited to, the | 31 |
retirement benefits of the spouses, and that was acquired by | 32 |
either or both of the spouses during the marriage; | 33 |
(ii) All interest that either or both of the spouses | 34 |
currently has in any real or personal property, including, but not | 35 |
limited to, the retirement benefits of the spouses, and that was | 36 |
acquired by either or both of the spouses during the marriage; | 37 |
(iii) Except as otherwise provided in this section, all | 38 |
income and appreciation on separate property, due to the labor, | 39 |
monetary, or in-kind contribution of either or both of the spouses | 40 |
that occurred during the marriage; | 41 |
(iv) A participant account, as defined in section 148.01 of | 42 |
the Revised Code, of either of the spouses, to the extent of the | 43 |
following: the moneys that have been deferred by a continuing | 44 |
member or participating employee, as defined in that section, and | 45 |
that have been transmitted to the Ohio public employees deferred | 46 |
compensation board during the marriage and any income that is | 47 |
derived from the investment of those moneys during the marriage; | 48 |
the moneys that have been deferred by an officer or employee of a | 49 |
municipal corporation and that have been transmitted to the | 50 |
governing board, administrator, depository, or trustee of the | 51 |
deferred compensation program of the municipal corporation during | 52 |
the marriage and any income that is derived from the investment of | 53 |
those moneys during the marriage; or the moneys that have been | 54 |
deferred by an officer or employee of a government unit, as | 55 |
defined in section 148.06 of the Revised Code, and that have been | 56 |
transmitted to the governing board, as defined in that section, | 57 |
during the marriage and any income that is derived from the | 58 |
investment of those moneys during the marriage. | 59 |
(b) "Marital property" does not include any separate | 60 |
property. | 61 |
(4) "Passive income" means income acquired other than as a | 62 |
result of the labor, monetary, or in-kind contribution of either | 63 |
spouse. | 64 |
(5) "Personal property" includes both tangible and intangible | 65 |
personal property. | 66 |
(6)(a) "Separate property" means all real and personal | 67 |
property and any interest in real or personal property that is | 68 |
found by the court to be any of the following: | 69 |
(i) An inheritance by one spouse by bequest, devise, or | 70 |
descent during the course of the marriage; | 71 |
(ii) Any real or personal property or interest in real or | 72 |
personal property that was acquired by one spouse prior to the | 73 |
date of the marriage; | 74 |
(iii) Passive income and appreciation acquired from separate | 75 |
property by one spouse during the marriage; | 76 |
(iv) Any real or personal property or interest in real or | 77 |
personal property acquired by one spouse after a decree of legal | 78 |
separation issued under section 3105.17 of the Revised Code; | 79 |
(v) Any real or personal property or interest in real or | 80 |
personal property that is excluded by a valid antenuptial | 81 |
agreement; | 82 |
(vi) Compensation to a spouse for the spouse's personal | 83 |
injury, except for loss of marital earnings and compensation for | 84 |
expenses paid from marital assets; | 85 |
(vii) Any gift of any real or personal property or of an | 86 |
interest in real or personal property that is made after the date | 87 |
of the marriage and that is proven by clear and convincing | 88 |
evidence to have been given to only one spouse. | 89 |
(b) The commingling of separate property with other property | 90 |
of any type does not destroy the identity of the separate property | 91 |
as separate property, except when the separate property is not | 92 |
traceable. | 93 |
(B) In divorce proceedings, the court shall, and in legal | 94 |
separation proceedings upon the request of either spouse, the | 95 |
court may, determine what constitutes marital property and what | 96 |
constitutes separate property. In either case, upon making such a | 97 |
determination, the court shall divide the marital and separate | 98 |
property equitably between the spouses, in accordance with this | 99 |
section. For purposes of this section, the court has jurisdiction | 100 |
over all property, excluding the social security benefits of a | 101 |
spouse other than as set forth in division (F)(9) of this section, | 102 |
in which one or both spouses have an interest. | 103 |
(C)(1) Except as provided in this division or division (E) of | 104 |
this section, the division of marital property shall be equal. If | 105 |
an equal division of marital property would be inequitable, the | 106 |
court shall not divide the marital property equally but instead | 107 |
shall divide it between the spouses in the manner the court | 108 |
determines equitable. In making a division of marital property, | 109 |
the court shall consider all relevant factors, including those set | 110 |
forth in division (F) of this section. | 111 |
(2) Each spouse shall be considered to have contributed | 112 |
equally to the production and acquisition of marital property. | 113 |
(3) The court shall provide for an equitable division of | 114 |
marital property under this section prior to making any award of | 115 |
spousal support to either spouse under section 3105.18 of the | 116 |
Revised Code and without regard to any spousal support so awarded. | 117 |
(4) If the marital property includes a participant account, | 118 |
as defined in section 148.01 of the Revised Code, the court shall | 119 |
not order the division or disbursement of the moneys and income | 120 |
described in division (A)(3)(a)(iv) of this section to occur in a | 121 |
manner that is inconsistent with the law, rules, or plan governing | 122 |
the deferred compensation program involved or prior to the time | 123 |
that the spouse in whose name the participant account is | 124 |
maintained commences receipt of the moneys and income credited to | 125 |
the account in accordance with that law, rules, and plan. | 126 |
(D) Except as otherwise provided in division (E) of this | 127 |
section or by another provision of this section, the court shall | 128 |
disburse a spouse's separate property to that spouse. If a court | 129 |
does not disburse a spouse's separate property to that spouse, the | 130 |
court shall make written findings of fact that explain the factors | 131 |
that it considered in making its determination that the spouse's | 132 |
separate property should not be disbursed to that spouse. | 133 |
(E)(1) The court may make a distributive award to facilitate, | 134 |
effectuate, or supplement a division of marital property. The | 135 |
court may require any distributive award to be secured by a lien | 136 |
on the payor's specific marital property or separate property. | 137 |
(2) The court may make a distributive award in lieu of a | 138 |
division of marital property in order to achieve equity between | 139 |
the spouses, if the court determines that a division of the | 140 |
marital property in kind or in money would be impractical or | 141 |
burdensome. | 142 |
(3) The court shall require each spouse to disclose in a full | 143 |
and complete manner all marital property, separate property, and | 144 |
other assets of the spouse. | 145 |
(4) If a spouse has engaged in financial misconduct, | 146 |
including, but not limited to, the dissipation, destruction, | 147 |
concealment, nondisclosure, or fraudulent disposition of assets, | 148 |
the court may compensate the offended spouse with a distributive | 149 |
award or with a greater award of marital property. | 150 |
(F) In making a division of marital property and in | 151 |
determining whether to make and the amount of any distributive | 152 |
award under this section, the court shall consider all of the | 153 |
following factors: | 154 |
(1) The duration of the marriage; | 155 |
(2) The assets and liabilities of the spouses; | 156 |
(3) The desirability of awarding the family home, or the | 157 |
right to reside in the family home for reasonable periods of time, | 158 |
to the spouse with custody of the children of the marriage; | 159 |
(4) The liquidity of the property to be distributed; | 160 |
(5) The economic desirability of retaining intact an asset or | 161 |
an interest in an asset; | 162 |
(6) The tax consequences of the property division upon the | 163 |
respective awards to be made to each spouse; | 164 |
(7) The costs of sale, if it is necessary that an asset be | 165 |
sold to effectuate an equitable distribution of property; | 166 |
(8) Any division or disbursement of property made in a | 167 |
separation agreement that was voluntarily entered into by the | 168 |
spouses; | 169 |
(9) Any retirement benefits of the spouses, excluding the | 170 |
social security benefits of a spouse except as may be relevant for | 171 |
purposes of dividing a public pension; | 172 |
(10) Any other factor that the court expressly finds to be | 173 |
relevant and equitable. | 174 |
(G) In any order for the division or disbursement of property | 175 |
or a distributive award made pursuant to this section, the court | 176 |
shall make written findings of fact that support the determination | 177 |
that the marital property has been equitably divided and shall | 178 |
specify the dates it used in determining the meaning of "during | 179 |
the marriage." | 180 |
(H) Except as otherwise provided in this section, the holding | 181 |
of title to property by one spouse individually or by both spouses | 182 |
in a form of co-ownership does not determine whether the property | 183 |
is marital property or separate property. | 184 |
(I) A division or disbursement of property or a distributive | 185 |
award made under this section is not subject to future | 186 |
modification by the court. | 187 |
(J) The court may issue any orders under this section that it | 188 |
determines equitable, including, but not limited to, either of the | 189 |
following types of orders: | 190 |
(1) An order granting a spouse the right to use the marital | 191 |
dwelling or any other marital property or separate property for | 192 |
any reasonable period of time; | 193 |
(2) An order requiring the sale or encumbrancing of any real | 194 |
or personal property, with the proceeds from the sale and the | 195 |
funds from any loan secured by the encumbrance to be applied as | 196 |
determined by the court. | 197 |
Section 2. That existing section 3105.171 of the Revised Code | 198 |
is hereby repealed. | 199 |