Missouri Court of Appeals, Southern District / Date unavailable
SHIFT CAPITAL INCOME FUND, LP, Plaintiff-Appellant v. STANDLEY PLASTICS, INC., et al., Defendants-Respondents
Shift Capital Income Fund, LP, appealed the trial court's grant of judgment on the pleadings in favor of Christine Standley. Shift sought to hold Mrs. Standley liable for her husband's company's debts, arguing her "Spousal Consent" effectively pledged her marital estate as security for the loan. The appellate court affirmed the trial court's judgment, holding that under Missouri law, a separate spousal consent form does not create a lien against marital property unless the spouse is explicitly named as a borrower or guarantor in the loan documents.