The court, at the time of the final decree of dissolution of marriage, may declare, as between the parties, a debt to be unreasonable if it was incurred by a spouse while the spouse was living apart and the debt did not contribute to the benefit of both spouses or their dependents.
§ 40-3-10.1 NMSA 1978
Unreasonable debt
Known as the Community Property Act
The act spans §§ 40–40 (19 sections).
Laws 1983, ch. 75, § 2.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.