75A-2-215. Retirement plans.
(1) As used in this section, "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: an individual retirement account under Section 408, Internal Revenue Code; a Roth individual retirement account under Section 408A, Internal Revenue Code; a deemed individual retirement account under Section 408(q), Internal Revenue Code; an annuity or mutual fund custodial account under Section 403(b), Internal Revenue Code; a pension, profit-sharing, stock bonus, or other retirement plan qualified under Section 401(a), Internal Revenue Code; a plan under Section 457(b), Internal Revenue Code; and a nonqualified deferred compensation plan under Section 409A, Internal Revenue Code.
(2) 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: select the form and timing of payments under a retirement plan and withdraw benefits from a plan; make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another; establish a retirement plan in the principal's name; make contributions to a retirement plan; exercise investment powers available under a retirement plan; and borrow from, sell assets to, or purchase assets from a retirement plan.