Marriage out of COP Flashcards
(44 cards)
What are the main features of marriage out of the community of property?
- Usually there is no joint estate
- An antenuptial contract should be signed before the marriage.
- Each spouse manages their own estate separately.
which type of joint estate can the partners ask for?
Joint estate (profit and loss)
joint ownership of joint assets(house)
When is the marriage out of community of property?
- When there is a valid and registered ANC
- Change of matrimonial property system according to S20 of the Matrimonial Property Act
- Black persons who concluded a marriage before 2 December 1988 without a prescribed statement and ANC, and who, after 14 April 2021, notified the director general of the home affairs in writing that they want to keep the matrimonial system in consequence of Sithole vs Sithole.
- When the husband is domiciled in the country where the marriage will be out of community of property if there is no ANC, and they have no ANC.
What are the forms of marriage out of community of property?
- With the accrual system
- Without accrual system
what happens if the marriage is out of cop with the accrual system?
what happens if the marriage is out of the cop without the accrual system?
- There is no sharing of profit and loss
What does the marriage out of COP require?
An antenuptial contract that expressly excludes the accrual system and community of property and loss.
When is the redistribution of assets possible?
only possible if the marriage was concluded before 1 November 1984. This is according to section 7 of the Divorce Act
What regulates the marriage out of COP?
common law
What is the spouses capacity to act if they are married out of cop?
- They have the full capacity to act; there is no juristic acts that require the consent of the other spouse.
- Enter into contracts independently
- Alienate the spouse’s assets without their consent; however, the spouse can claim it back from the third party.
- Responsible for their own delicts
- Debts
When does the ANC become a prerequisite?
- For a marriage out of cop
what is the purpose of the ANC?
The purpose is not to create legal obligations between spouses but to manage how property and finances will work in the marriage, by possibly excluding the normal consequences of the marriage.
When does the ANC come into effect?
The moment the marriage has been validly contracted.
When does the ANC lapse?
When all the terms and conditions :
1. Becomes irrelevant or impossible to fulfill
2. Have been fulfilled
3. terminated by a court order.
Who can the ANC be amended by?
By permission of the High Court with sound reasons.
In which ways can the ANC be amended?
- Rectification
- Inherent justification
How can ANC be cancelled?
In terms of section 21 of the Matrimonial Property Act
Who usually drafts the ANC?
Legal professionals however the parties can draft it themselves.
What does section 86 of the Deeds Registries Act says?
No formalities are needed for the contract to be valid between the spouses themselves.
What formalities should be followed for the contract to be binding on third parties as contained in S87 of the Deeds Registries Act?
- The contract must be in writing.
- If the contract is executed in SA, it must be signed by a Notary
- After being attested, the contract must be registered in the deeds registry within 3 months.
- If the contract is executed outside SA, it must be executed in terms of the law of that country however, it should still be registered in the deeds registry of SA within 6 months.
- The contract can only be registered late if the high court’s permission has been obtained (by application)
What happens if the parties do not comply with the formalities of S87 of Registry Deeds Act?
the parties will, as far as THIRD PARTIES are concerned, be married IN community of property.
What is meant by postnuptial compliance with prescribed formalities?
This refers to the situation whereby the parties DID enter into an ANC before marriage, but failed to comply with the formalities
When does S88 of the registry of deeds apply?
When the parties want to apply to court for postnuptial execution and registration?
What are the requirements set out in S88 of the Registry Deeds Act for the postnuptial execution?
- There must have been a consensus between the parties about the terms and conditions of the contract.
- There must be reasonable grounds for failure to comply with the formalities.
- The parties must apply within a reasonable time after the realization of failure to comply with the formalities.