Arizona § 38-810.01 Internal revenue code qualification

Arizona Statutes

§ 38-810.01 — Internal revenue code qualification

Arizona § 38-810.01

Title 38Arizona Revised Statutes

Ch. 5SOCIAL SECURITY AND RETIREMENT

Art. 3Elected Officials' Retirement Plan

This text of Arizona § 38-810.01 (Internal revenue code qualification) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 38-810.01 (2026).

Text

The legislature intends that the plan is a qualified pension plan under section 401 of the internal revenue code, as amended, or successor provisions of law, and that the trust is exempt from taxation under section 501 of the internal revenue code, as amended.  The assets of the fund are held in trust for the exclusive benefit of the members and beneficiaries of the plan.  The board may adopt such additional provisions to the plan as are necessary to fulfill this intent.

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The legislature intends that the plan is a qualified pension plan under section 401 of the internal revenue code, as amended, or successor provisions of law, and that the trust is exempt from taxation under section 501 of the internal revenue code, as amended. The assets of the fund are held in trust for the exclusive benefit of the members and beneficiaries of the plan. The board may adopt such additional provisions to the plan as are necessary to fulfill this intent.