NRS
123.225 Interests of each spouse in community property are present,
existing and equal interests.
1. The respective interests of each spouse
in community property during continuance of the marriage relation are present,
existing and equal interests, subject to the provisions of NRS 123.230.
2. The provisions of this section apply to
all community property, whether the community property was acquired before, on
or after March 26, 1959.
(Added to NRS by 1959,
408; A 1997,
1596; 2017,
763)
Notes of Decisions
McNabney v. McNabney, 782 P.2d 1291 (Nev. 1989).
· cites it 2× “[1] NRS 123.225(1) defines the respective interests of the husband and wife in community property as "present, existing and equal interests.”
Gemma v. Gemma, 778 P.2d 429 (Nev. 1989).
“This method also divides the community property interest in the pension equally in accordance with NRS 123.225. One complaint that Joseph asserts can be addressed by the district court retaining jurisdiction and hearing any claim of unfairness that might arise when the pension…”
Cord v. Neuhoff, 573 P.2d 1170 (Nev. 1978).
“The same reasoning with respect to a proper recognition of the wife’s “present, existing and equal interest” [NRS 123.225] applies with equal force to the case at hand.”
Weinstein v. Fox, 302 P.3d 1137 (Nev. 2013).
“541(a)(2); NRS 123.225; NRS 123.230. Out of the bankruptcy estate, Fox claimed exemptions for two motor vehicles under NRS 21.”
In re Field, 440 B.R. 191 (Bankr. D. Nev. 2009).
· cites it 2× “(In re Crystal Palace Gambling Hall, Inc.), 36 B.R. 947, 950 (9th Cir. BAP 1984).”
Davis v. Comm'r, 56 T.C.M. 1178 (T.C. 1989).
· cites it 2× “123.010 , 123.220 (1986). Further, each spouse has an equal and present interest in all property of the community.”
Smith v. Comm'r, 52 T.C.M. 632 (T.C. 1986).
· cites it 2× “13 in 1979, $43,554.67 in 1980, and $48,032.09 in 1981. On brief respondent conceded that all of the income was community property under Nev.”
Nev. Rev. Stat. § 123.225(1): 1 case
McNabney v. McNabney, 782 P.2d 1291 (Nev. 1989).
“[1] NRS 123.225(1) defines the respective interests of the husband and wife in community property as "present, existing and equal interests.”
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