Quasi-Community Property refers to property acquired out of state that would be CP in California. Which option correctly describes this concept?

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Multiple Choice

Quasi-Community Property refers to property acquired out of state that would be CP in California. Which option correctly describes this concept?

Quasi-Community Property is property that is acquired during a marriage in a state that uses community-property rules, but in a way that would have been community property had it been acquired in California. In California, when a couple later resides here, that out-of-state acquired property is treated as community property for purposes of fair division. So the best description is property obtained out of state during the marriage that would be CP if acquired in California. This distinguishes it from property acquired before marriage (generally separate property) or gifts or inheritances pieced into the marriage in a different way.

Quasi-Community Property is property that is acquired during a marriage in a state that uses community-property rules, but in a way that would have been community property had it been acquired in California. In California, when a couple later resides here, that out-of-state acquired property is treated as community property for purposes of fair division. So the best description is property obtained out of state during the marriage that would be CP if acquired in California. This distinguishes it from property acquired before marriage (generally separate property) or gifts or inheritances pieced into the marriage in a different way.

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