Sec. 5. (a) Parties to a premarital agreement may contract with each other regarding the following matters: (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) The right to: (A) buy; (B) sell; (C) use; (D) exchange; (E) abandon; (F) lease; (G) consume; (H) expend; (I) assign; (J) create a security interest in; (K) mortgage; (L) encumber; (M) dispose of; or (N) otherwise manage and control; property. (3) The disposition of property upon: (A) legal separation; (B) dissolution of marriage; (C) death; or (D) the occurrence or nonoccurrence of any other event. (4) The modification or elimination of spousal maintenance. (5) The making of: (A) a will; (B) a trust; or (C) other arrangement; to carry out the provisions of the agreement. (6) The ownership rights in and disposition of a death benefit from a life insurance policy. (7) The choice of law governing the construction of the agreement. (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. (b) A premarital agreement may not adversely affect the right of a child to support. [Pre-1997 Recodification Citation: 31-7-2.5-5.]
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