3-9-215. Retirement plans.
(a) 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:
(i) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan;
(ii) Make a rollover including a direct trustee-to-trustee rollover of benefits from one (1) retirement plan to another;
(iii) Establish a retirement plan in the principal's name;
(iv) Make contributions to a retirement plan;
(v) Exercise investment powers available under a retirement plan;
(vi) Borrow from, sell assets to or purchase assets from a retirement plan.
(b) As used in this section, "retirement plan" means a plan or account created by an employer, the principal or another person 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:
(i) An individual retirement account under 26 U.S.C. section 408;
(ii) A Roth individual retirement account under 26 U.S.C. section 408A;
(iii) A deemed individual retirement account under 26 U.S.C. section 408(q);
(iv) An annuity or mutual fund custodial account under 26 U.S.C. section 403(b);
(v) A pension, profit sharing, stock bonus or other retirement plan qualified under 26 U.S.C. section 401(a);
(vi) A deferred compensation plan under 26 U.S.C. section 457(b);
(vii) A nonqualified deferred compensation plan under 26 U.S.C. section 409A.