2082

LAWS OF MARYLAND

Ch. 296

No changes are made.

Defined term: "Marital property" § 8-201
8-205. SAME -- MONETARY AWARD.

(A)  GRANT OF AWARD.

AFTER THE COURT DETERMINES WHICH PROPERTY IS MARITAL
PROPERTY, AND THE VALUE OF THE MARITAL PROPERTY, 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 COURT SHALL DETERMINE THE AMOUNT AND THE
METHOD OF PAYMENT OF A MONETARY AWARD 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
PARTY;

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

(4)  THE CIRCUMSTANCES THAT CONTRIBUTED TO THE
ESTRANGEMENT OF THE PARTIES;

(5)  THE DURATION OF THE MARRIAGE;

(6)  THE AGE OF EACH PARTY;

(7)  THE PHYSICAL AND MENTAL CONDITION OF EACH PARTY;

(8)  HOW AND WHEN SPECIFIC MARITAL PROPERTY WAS
ACQUIRED, INCLUDING THE EFFORT EXPENDED BY EACH PARTY IN
ACCUMULATING THE MARITAL PROPERTY;

(9)  ANY AWARD OF ALIMONY AND ANY AWARD OR OTHER
PROVISION THAT THE COURT HAS MADE WITH RESPECT TO FAMILY USE
PERSONAL PROPERTY OR THE FAMILY HOME; AND

(10)  ANY OTHER FACTOR THAT THE COURT CONSIDERS
NECESSARY OR APPROPRIATE TO CONSIDER IN ORDER TO ARRIVE AT A FAIR
AND EQUITABLE MONETARY AWARD.

(B)  AWARD REDUCED TO JUDGMENT.

THE COURT MAY REDUCE TO A JUDGMENT ANY MONETARY AWARD MADE
UNDER THIS SECTION, TO THE EXTENT THAT ANY PART OF THE AWARD IS
DUE AND OWING.

REVISOR'S NOTE: Subsection (a) of this section formerly
appeared as the second and third sentences of CJ §
3-6A-05(b).