History: L. 1988, ch. 204, § 1; July 1.
(a) "Premarital agreement" means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage; and
(b) "property" means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings.
History: L. 1988, ch. 204, § 2; July 1.
History: L. 1988, ch. 204, § 3; July 1.
(1) The rights and obligations of each of the parties in any of the property of either, or both, whenever and wherever acquired or located;
(2) the right to buy, sell, use, transfer, exchange, abandon, lease, consume, expend, assign, create a security interest in, mortgage, encumber, dispose of or otherwise manage and control property;
(3) the disposition of property upon separation, marital dissolution, death or the occurrence or nonoccurrence of any other event;
(4) the modification or elimination of spousal support;
(5) the making of a will, trust or other arrangement to carry out the provisions of the agreement;
(6) the ownership rights in and disposition of the death benefit from a life insurance policy;
(7) the choice of law governing the construction of the agreement; and
(8) any other matter, including their personal rights and obligations, not in violation of public policy or a statute imposing a criminal penalty.
(b) The right of a child to support may not be adversely affected by a premarital agreement.
History: L. 1988, ch. 204, § 4; July 1.
History: L. 1988, ch. 204, § 5; July 1.
History: L. 1988, ch. 204, § 6; July 1.
(1) That party did not execute the agreement voluntarily; or
(2) the agreement was unconscionable when such agreement was executed and, before execution of the agreement, all of the following applied to that party:
(A) Such party was not provided a fair and reasonable disclosure of the property or financial obligations of the other party;
(B) such party did not voluntarily and expressly waive, in writing, any right to disclosure of the property or financial obligations of the other party beyond the disclosure provided; and
(C) such party did not have, or reasonably could not have had, an adequate knowledge of the property or financial obligations of the other party.
(b) If a provision of a premarital agreement modifies or eliminates spousal support and that modification or elimination causes one party to the agreement to be eligible for support under a program of public assistance at the time of separation or marital dissolution, a court, notwithstanding the terms of the agreement, may require the other party to provide support to the extent necessary to avoid that eligibility.
(c) An issue of unconscionability of a premarital agreement shall be decided by the court as a matter of law.
History: L. 1988, ch. 204, § 7; July 1.
History: L. 1988, ch. 204, § 8; July 1.
History: L. 1988, ch. 204, § 9; July 1.
History: L. 1988, ch. 204, § 10; July 1.
History: L. 1988, ch. 204, § 11; July 1.