During the marriage a spouse shall acquire, based upon the factors set out in Section 20-3-620, a vested special equity and ownership right in the marital property as defined in Section 20-3-630, which equity and ownership right are subject to apportionment between the spouses by the family courts of this State at the time marital litigation is filed or commenced as provided in Section 20-3-620.
S.C. Code Ann. § 20-3-610
Spousal equity and ownership rights
Applied in 2 court decisions — leading case McDaniel v. Kendrick (2009)
Most recently applied in Campbell v. Robinson (May 2012)
2008 Act No. 361, SECTION 3, eff June 16, 2008.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.