Community Property States Clause Samples
The 'Community Property States' clause defines how property and assets are treated in states that follow community property laws, typically in the context of marriage or domestic partnerships. In these states, most property acquired during the marriage is considered jointly owned by both spouses, regardless of whose name is on the title or who earned the income. This clause clarifies the rights and obligations of each party regarding ownership, division, and control of such property. Its core function is to ensure that both parties understand how their assets will be managed and divided under community property rules, thereby preventing disputes and promoting fairness in the event of separation or divorce.
Community Property States. Each party hereto, if such ------------------------- party is a natural person, represents and covenants that (a) such party's spouse, if any, has duly executed or shall duly execute the Consent of Spouse attached hereto as Exhibit B, (b) such Consent of Spouse was delivered as of the --------- date hereof, or, if later, the date such party became a party hereto and (c) such Consent of Spouse was duly authorized, executed and delivered by such spouse and effectively binds such spouse to the terms set forth therein.
Community Property States. Each Standard Party, if such Standard Party is a natural person, represents that (a) such Standard Party's spouse has duly executed the Consent of Spouse attached hereto, (b) such Consent of Spouse was delivered along with such Standard Party's signature page hereto and (c) such Consent of Spouse was duly authorized,
Community Property States. Spousal consent may be required in community property states if you designate a beneficiary other than your spouse. If you live in a community property state, you are advised to consult with your legal or tax advisors as to the consequences of establishing a ▇▇▇ registration on your MFS mutual fund account.
Community Property States. Each Management Investor who is a natural person and whose Management Shares or options or rights under this Agreement would be subject to the community property laws of any state hereby represents that such Management Investor's spouse has duly executed the Consent of Spouse attached hereto and such Consent was delivered to GGS along with such Management Investor's signature page hereto.
Community Property States. If you live in a community or marital property state, you may wish to consult a qualified professional to be sure that your designation of benefici- ary complies with legal requirements in those states. Your spouse must consent in writ-
Community Property States. Each Packard Investor who is a natural person and whose Packard Shares or options or rights under this Agreement would be subject to the community property laws of any state hereby represents that such Packard Investor's spouse has duly executed the Consent of Spouse attached hereto and such Consent was delivered to Packard along with such Packard Investor's signature page hereto. Stockholders Agreement Signature page
Community Property States. Schedule 1. List of Management Investors FORM OF STOCKHOLDERS' AGREEMENT THIS STOCKHOLDERS' AGREEMENT (the "Agreement"), dated as of ________ __, 1996, by and among GGS Holdings, Inc., a Delaware corporation ("GGS"), the stockholders and the holders of options or restricted stock under the Management Stock Incentive Plan (the "Management Stock Incentive Plan") listed in Schedule 1 hereto, as such Schedule 1 may be amended from time to time (collectively, the "Management Investors," and each individually, a "Management Investor"), ▇▇▇▇▇▇▇ ▇▇▇▇▇ KECALP L.P. 1994 (the "Institutional Investor"), and Stonington Capital Appreciation 1994 Fund, L.P., a Delaware limited partnership ("Stonington").
Community Property States. If you are married and live, or have lived, in a state with community property statutes and do not designate your spouse as the sole beneficiary, you represent and warrant that your spouse has consented to such designation. Account Owner agrees that Robinhood will not assume responsibility for determining whether the ▇▇▇ registration is subject to community property laws, and Robinhood will not be liable to Account Owner’s surviving spouse or any other person for acting in accordance with the Beneficiary designations on file.