Reasonable and made in good faith

Notwithstanding the other provisions of §§ 3-12C-1901 to 3-12C-1904 , inclusive, or the provisions of United States Treasury regulations, benefit options may continue so long as the option satisfies § 401(a)(9) of the Internal Revenue Code based on a reasonable and good faith interpretation of that section. Source: SL 2021, ch 28 , § 6.