Washington Supreme Court August 14, 2003, No. 72539-0 (In re the Marriage of Chumbley)

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United States · · · 14-08-2003

Madsen, J.

During her marriage to Gerald Chumbley, Mary Patricia Beckmann acquired stock options through her employment. Beckmann exercised the options on three occasions, once by using a loan from her employer, once by using money from her separate account, and once by selling a portion of the purchased stock in order to pay for the remaining stocks.

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