This bill amends the 1948 law regarding community property between spouses, specifically targeting sections 3 and 4 of the original act. It clarifies that any property that constituted community property on May 10, 1948, will continue to be recognized as such and remain subject to the provisions of the former 1947 PA 317. The bill also stipulates that property acquired after May 10, 1948, will be deemed separate property unless a notice of claim is filed by either spouse or their heirs before May 10, 1949, asserting that the property constitutes community property.

Additionally, the bill introduces new language regarding the filing of claims and the requirements for such claims to be valid. It specifies that a notice of claim must be in writing, describe the property in question, and be filed in the appropriate county's register of deeds office. The bill also emphasizes that any disability or lack of knowledge does not suspend the time for filing a notice of claim, allowing others to file on behalf of those unable to do so. The enactment of this bill is contingent upon the approval of a related Senate or House Joint Resolution.

Statutes affected:
House Introduced Bill: 557.253, 557.254