Section 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.Added by Laws 2017 , ch. 117, § 1, eff. 1/1/2018.