Property Ownership
New Mexico is a community property state. Under community property law, property acquired during marriage is generally owned:
ABy the spouse who purchased it
BEqually by both spouses✓ Correct
CBy the spouse with higher income
DBy the state until divorce
Explanation
In New Mexico, a community property state, property acquired during marriage is generally owned equally by both spouses regardless of who purchased it or whose name is on the title.
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