1. (a) Parties to a premarital agreement may contract with each other regarding the following matters:

   1. (1) The rights and obligations of each of the parties in any property of either or both of them whenever and wherever acquired or located.

   2. (2) The right to:

      1. (A) buy;
      2. (B) sell;
      3. (C) use;
      4. (D) exchange;
      5. (E) abandon;
      6. (F) lease;
      7. (G) consume;
      8. (H) expend;
      9. (I) assign;
      10. (J) create a security interest in;
      11. (K) mortgage;
      12. (L) encumber;
      13. (M) dispose of; or

      14. (N) otherwise manage and control;

          property.

   3. (3) The disposition of property upon:

      1. (A) legal separation;
      2. (B) dissolution of marriage;
      3. (C) death; or
      4. (D) the occurrence or nonoccurrence of any other event.
   4. (4) The modification or elimination of spousal maintenance.

   5. (5) The making of:

      1. (A) a will;
      2. (B) a trust; or

      3. (C) other arrangement;

         to carry out the provisions of the agreement.

   6. (6) The ownership rights in and disposition of a death benefit from a life insurance policy.
   7. (7) The choice of law governing the construction of the agreement.
   8. (8) Any other matter not in violation of public policy or a statute imposing a criminal penalty, including the personal rights and obligations of the parties.

2. (b) A premarital agreement may not adversely affect the right of a child to support.

   [Pre-1997 Recodification Citation: 31-7-2.5-5.]

As added by P.L.1-1997, SEC.3.