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by Dracophoenix
1355 days ago
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This concept of marital property is speculative, if not fictional, unless both Jeff and Mackenzie made explicit agreements to co-own the shares during their marriage. Prior to their divorce, if Jeff wanted to dump all his Amazon stock, I doubt he needed MacKenzie's permission to do it. If he were deposed by the SEC over alleged claims of market manipulation with Amazon stock, Mackenzie would not be the one held liable. While she may have been able to influence his purchases/selloffs as one half of the world's now-formerly richest couple, she never had ownership of the stock as a legally-recognized property right in itself (and the liabilities the may come with such ownership). She now has such a right (although I would argue that she shouldn't) as a divorcée. |
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Property is a social construct; marital property no more or less than any other, and likewise no more or less a fiction.
> . Prior to their divorce, if Jeff wanted to dump all his Amazon stock, I doubt he needed MacKenzie's permission to do it.
Yes, marriage is exactly like a general partnership in that, absent explicit agreement or special legal treatment of particular property, any partner can dispose of property of the partnership.
Also, like a general partnership in that the property legally ascribed to the partnership rather than partners individually is divided among the partners as personal property at dissolution.