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Texas Law - May Separate Property Be Divided? In Texas, a court may not divide the parties' separate property. However, the parties are free to strike any bargain they wish. Cases: Powell (1991) 822 SW2d 181 (The wife had stock in husband's company that was separate property because it had been a gift from him to her during the marriage; the lower court had ordered the husband to buy back the wife's stock with husband's separate cash; the appeals court found that this was not permitted, since it was disposing of the parties' separate property; in practice, the result may have been to greatly diminish the value of the wife's stock, since she could not sell it or collect dividends on it).
Disclaimer: We are not giving legal advice. No warranties. We disclaim all legal liability. More... Click here to go to top Texas legal page. Click here for the Texas legal divorce legal table of contents. | |||||||||||||||||||||||||
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