Article 27. Division of common property of the spouses

A division of the common property of the spouses may be made as during the marriage, as well as after its dissolution at the request of either of the spouses, as well as in the event of a debtee's claim for division of the property of the spouses to enforce the share of one of the spouses in the common property of the spouses.

The common property of the spouses may be divided between the spouses by their agreement. At the wish of the spouses, their agreement on the division of common property may be notarized.

In the event of a dispute, the division of property of the spouses, as well as the determination of the shares of the spouses in this property shall be made in court.

When dividing the common property the court shall determine the part of the property, which shall be transferred to each of the spouses. When one of the spouses is transferred property exceeding the value of his/her share, the other spouse may be awarded corresponding monetary or other compensation.

When the marital relationship is terminated, the court may recognize the property acquired by each of the spouses during their separate living as the property of each of the spouses.

Items purchased to meet the needs of minor children (clothes, footwear, school and sports accessories, musical instruments, children's library, etc.) shall not be subject to division and shall be transferred without compensation to the spouse with whom the children live.

Contributions made by the spouses at the expense of the common property of the spouses in the name of their common minor children shall be considered to belong to these children and shall not be taken into account when dividing the common property of the spouses.

In the event of division of the common property of the spouses during the marriage, the part of the spouses' common property that has not been divided as well as the property acquired by the spouses during the marriage shall subsequently constitute their common joint property.

Three-year limitation period shall apply to claims of the spouses on the division of common property of the spouses, whose marriage has been terminated.