THE SECTION 6(1) STATEMENT - Separate declaration of Nett Commencement Value


THE SECTION 6(1) STATEMENT - Declare Nett Commencement value in a separate Certificate

In terms of section 6 (1) of Act 88 of 1984-fhe parties may declare the nett commencement value of their respective estates within six (6) months of the commencement of the marriage. Where the parties did not declare the net commencement values of their respective estates in the antenuptial contract, they may (notarially) execute a statement in terms of this section to that effect. The statement is not lodged and registered at the deeds office, but retained by the notary in his protocol.