224 Va. 1 | Va. | 1982
Mrs. Ernsberger testified that the stock in question was purchased with money she inherited from her grandmother, and that her husband made no contribution to the purchase. The husband testified that he did not “know exactly at this point where the money came from [to buy the stock]” but that it was registered in their joint names. The court found that the wife had in fact purchased the stock with her individual funds and that the husband was wrongfully withholding the certificates from her.
Our decision here is controlled by Watkins v. Watkins, 220 Va. 1051, 265 S.E.2d 750 (1980).*
Although Code § 20-107 gave a trial court broad powers to decree as to the maintenance and support of parties and custody of children upon decreeing the dissolution of a marriage, it did not grant the court jurisdiction to decree the disposition of the personal property of the parties. In the instant case, the court had jurisdiction of both the subject matter and the parties but then lacked the statutory power to order the husband to transfer his interest in the stock to the wife.
Reversed and final judgment.
The decree appealed from in the instant case was entered prior to our decision in Watkins.
Code § 20-107 was repealed by the 1982 General Assembly. Code § 20-107.3, effective July 1, 1982, provides, inter alia:
A. Upon decreeing the dissolution of a marriage, and also upon decreeing a divorce from the bond of matrimony, the court, upon motion of either party, shall determine the legal title as between the parties, and the ownership and value of all real and personal property of the parties and shall consider which of such property is separate property and which is marital property.