Financial provision on divorce, etc.
12 Orders for payment of capital sum or transfer of property.
1
An order under section 8(2) of this Act for payment of a capital sum or transfer of property may be made—
a
on granting decree of divorce F1or of dissolution of a civil partnership; or
b
within such period as the court on granting F2the decree may specify.
2
The court, on making an order referred to in subsection (1) above, may stipulate that it shall come into effect at a specified future date.
3
The court, on making an order under section 8(2) of this Act for payment of a capital sum, may order that the capital sum shall be payable by instalments.
4
Where an order referred to in subsection (1) above has been made, the court may, on an application by
F3a
either party to the marriage,
F4b
either partner,
on a material change of circumstances, vary the date or method of payment of the capital sum or the date of transfer of property.