Document ID: General_Provisions_Article_2._§_32C-2-215._ Retirement_plans.

Title: {"article_title": "Article 2.", "section_title": "§ 32C-2-215.  Retirement plans.", "subchapter_title": "General Provisions", "type": "section"}

§ 32C-2-215.  Retirement plans. (a)	In this section, the term "retirement plan" means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation of which the principal is a participant, beneficiary, or owner, including a plan or account under the following sections of the Internal Revenue Code: (1)	An individual retirement account under section 408 of the Internal Revenue Code. (2)	A Roth individual retirement account under section 408A of the Internal Revenue Code. (3)	A deemed individual retirement account under section 408(q) of the Internal Revenue Code. (4)	An annuity or mutual fund custodial account under section 403(b) of the Internal Revenue Code. (5)	A pension, profit sharing, stock bonus, or other retirement plan qualified under section 401(a) of the Internal Revenue Code. (6)	A plan under sections 457(b) and (f) of the Internal Revenue Code. (7)	A nonqualified deferred compensation plan under section 409A of the Internal Revenue Code. (b)	Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans authorizes the agent to do all of the following: (1)	Select the form and timing of payments under a retirement plan and withdraw benefits from a plan. (2)	Make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another. (3)	Establish a retirement plan in the principal's name. (4)	Make contributions to a retirement plan. (5)	Exercise investment powers available under a retirement plan. (6)	Borrow from, sell assets to, or purchase assets from a retirement plan.  (2017-153, s. 1.)