2308

LAWS OF MARYLAND

Ch. 794

OWNERSHIP OF REAL PROPERTY. HOWEVER, THE COURT MAY NOT
TRANSFER THE OWNERSHIP OF REAL PROPERTY FROM ONE SPOUSE TO
THE OTHER.

(E) IN ACCORDANCE WITH THE COURT'S DETERMINATION OF
THE OWNERSHIP OF REAL PROPERTY, THE COURT MAY:

(1)    GRANT A DECREE WHICH STATES WHAT THE
OWNERSHIP INTEREST OF EACH SPOUSE IS; AND

(2)    AS TO ANY JOINTLY HELD PROPERTY, ORDER A
PARTITION OR SALE IN LIEU OF PARTITION AND A DIVISION OF THE
PROCEEDS.

3-6A-05. MONETARY AWARD IN ADJUSTMENT OF PARTIES' RIGHTS
IN MARITAL PROPERTY.

(A) IN GRANTING A DIVORCE AN ABSOLUTE DIVORCE OR

ANNULMENT,__OR AT ANY TIME WITHIN 90 DAYS THEREAFTER, IF IN

ITS DECREE GRANTING THE DIVORCE OR ANNULMENT THE COURT HAS

EXPRESSLY__RESERVED THE POWER TO DO SO, THE COURT OR

ANNULMENT, OR AT ANY TIME WITHIN 12 MONTHS THEREAFTER IF IN

ITS DECREE GRANTING THE DIVORCE OR ANNULMENT THE COURT HAS

EXPRESSLY RESERVED THE POWER TO DO SO, THE COURT MAY THE

COURT SHALL DETERMINE WHICH PROPERTY IS MARITAL PROPERTY IF

THE DIVISION OF PROPERTY IS AN ISSUE. FAMILY USE PERSONAL

PROPERTY OR THE FAMILY HOME SHALL NOT BE CONSIDERED MARITAL

PROPERTY SO LONG AS IT IS THE SUBJECT OF A USE AND
POSSESSION AWARD ORDER.

(E) THE COURT SHALL DETERMINE THE VALUE OF ALL
MARITAL PROPERTY. AFTER MAKING THE DETERMINATION, THE COURT
MAY GRANT A MONETARY AWARD AS AN ADJUSTMENT OF THE EQUITIES

AND RIGHTS OF THE PARTIES CONCERNING MARITAL PROPERTY,

WHETHER OR NOT ALIMONY IS AWARDED. THE AMOUNT OF THE AWARD

AND THE METHOD OF ITS PAYMENT SHALL BE DETERMINED AFTER

CONSIDERING EACH OF THE FOLLOWING FACTORS: . A MONETARY

AWARD SHALL BE PRESUMPTIVELY SUCH AS IS NECESSARY TO DIVIDE

THE VALUE OF THE MARITAL PROPERTY EQUALLY BETWEEN THE

PARTIES. THE COURT MAY ADJUST THE DIVISION OF THE VALUE OF

THE MARITAL PROPERTY ON BASIS OTHER THAN EQUAL AFTER

CONSIDERING THE FOLLOWING: AS AN ADJUSTMENT OF THE EQUITIES

AND RIGHTS__OF THE PARTIES CONCERNING MARITAL PROPERTY,

WHETHER OR NOT ALIMONY IS AWARDED. THE AMOUNT OF THE AWARD

AND THE METHOD OF ITS PAYMENT SHALL BE DETERMINED AFTER

CONSIDERING EACH OF THE FOLLOWING FACTORS:

(1)    THE CONTRIBUTIONS, MONETARY AND
NONMONETARY, OF EACH PARTY TO THE WELL-BEING OF THE FAMILY;

(2)    THE VALUE OF ALL PROPERTY INTERESTS OF EACH
SPOUSE;

(3)    THE ECONOMIC CIRCUMSTANCES OF EACH SPOUSE
AT THE TIME THE AWARD IS TO BE MADE;

(4)    THE CIRCUMSTANCES AND FACTS WHICH
CONTRIBUTED TO THE ESTRANGEMENT OF THE PARTIES;