(a)  Parties to a premarital agreement may contract with respect to:

(1)  The rights and obligations of each of the parties in any of the property of either or both of them 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, which are not in violation of public policy or a statute imposing a criminal penalty.

Terms Used In Rhode Island General Laws 15-17-3

  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Premarital agreement: means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage. See Rhode Island General Laws 15-17-1
  • Property: means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings. See Rhode Island General Laws 15-17-1
  • Statute: A law passed by a legislature.

(b)  The right of a child to support may not be adversely affected by a premarital agreement.

History of Section.
P.L. 1987, ch. 449, § 1.