Married Women's Property Act Of 1874 Summary
Understanding the Married Women's Property Act of 1874 The 1874 Married Women’s Property Act (MWPA) was enacted with the main aim of consolidating the rights of married women upon their own earnings and property. This Act extensively safeguards the right of a married woman towards possessing and utilizing her own financial property. This Act also categorically states that a married woman’s personal property is hers alone and her relatives cannot claim their right to it by virtue of their relationship with her.
Section 3 of this Act was concerned with its commencement and was revoked by the Repealing Act of 1876 and is therefore beyond the scope of this article.
The specific provisions of the Act are described as follows:
I. Extent of the …show more content…
III. Married women and Insurance Policy (Section 5 of the Act):
A married woman may buy an insurance policy on her own accord, independent of her husband. All paybacks received from this policy are to be deemed as the woman’s own separate property. The terms, rules & regulations of the policy are as applicable to the married woman as they are for an unmarried woman.
IV. Husband purchasing Insurance for wife’s benefit (Section 6 of the Act):
When a married man (this includes widowers & divorcees) purchases an insurance policy for his wife’s benefit, or his children, or both of them, then the policy and the paybacks received upon its maturation, will be considered as income sources solely for the benefit of the wife or children or both of them and is not to be used for any other purpose by the husband and cannot be considered a part of his own property.
V. The right of married women to Legal Proceedings for securing their finances (Section 7 of the
Section 3 of this Act was concerned with its commencement and was revoked by the Repealing Act of 1876 and is therefore beyond the scope of this article.
The specific provisions of the Act are described as follows:
I. Extent of the …show more content…
III. Married women and Insurance Policy (Section 5 of the Act):
A married woman may buy an insurance policy on her own accord, independent of her husband. All paybacks received from this policy are to be deemed as the woman’s own separate property. The terms, rules & regulations of the policy are as applicable to the married woman as they are for an unmarried woman.
IV. Husband purchasing Insurance for wife’s benefit (Section 6 of the Act):
When a married man (this includes widowers & divorcees) purchases an insurance policy for his wife’s benefit, or his children, or both of them, then the policy and the paybacks received upon its maturation, will be considered as income sources solely for the benefit of the wife or children or both of them and is not to be used for any other purpose by the husband and cannot be considered a part of his own property.
V. The right of married women to Legal Proceedings for securing their finances (Section 7 of the