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In Connecticut's swank Gold Coast towns, country club membership can take on momentous significance -- so maybe it's no surprise that transfer of membership rights became a key issue in a recent divorce case. Breaking with historical practice, the judge in the case concluded that membership rights in a stock corporation country club with a nonrefundable initiation fee are not marital property and are impossible to value. The decision departs from other judges' assignment of dollar values to the memberships.
June 09, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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