Section 12 Orders for payment of capital sum or transfer of property.

Scotland

(1)

An order under section 8(2) of this Act for payment of a capital sum or transfer of property may be made—

(a)

on granting decree of divorce F1or of dissolution of a civil partnership; or

(b)

within such period as the court on granting F2the decree may specify.

(2)

The court, on making an order referred to in subsection (1) above, may stipulate that it shall come into effect at a specified future date.

(3)

The court, on making an order under section 8(2) of this Act for payment of a capital sum, may order that the capital sum shall be payable by instalments.

(4)

Where an order referred to in subsection (1) above has been made, the court may, on an application by

F3(a)

either party to the marriage,

F4(b)

either partner,

on a material change of circumstances, vary the date or method of payment of the capital sum or the date of transfer of property.

Annotations

Textual amendments

F1: Words in s. 12(1) inserted (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(c), Sch. 28 para. 18(2)(a); S.S.I. 2005/604, arts. 2(c), 4
F2: Words in s. 12(1) substituted (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(c), Sch. 28 para. 18(2)(b); S.S.I. 2005/604, arts. 2(c), 4
F3: S. 12(4)(a) renumbered (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(c), Sch. 28 para. 18(3); S.S.I. 2005/604, arts. 2(c), 4
F4: S. 12(4)(b) inserted (5.12.2005) by Civil Partnership Act 2004 (c. 33), s. 263(10)(c), Sch. 28 para. 18(3); S.S.I. 2005/604, arts. 2(c), 4