Oklahoma § 15-1017 Construction of power relating to retirement plan

Oklahoma Statutes

§ 15-1017 — Construction of power relating to retirement plan

Oklahoma § 15-1017

Title 15Contracts

This text of Oklahoma § 15-1017 (Construction of power relating to retirement plan) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 15, § 15-1017 (2026).

Text

transactions. CONSTRUCTION OF POWER RELATING TO RETIREMENT PLAN TRANSACTIONS In a statutory power of attorney, the language granting power with respect to retirement plan transactions empowers the agent to: 1. Select payment options under any retirement plan in which the principal participates, including plans for self-employed individuals; 2. Make voluntary contributions to those plans; 3. Exercise the investment powers available under any self- directed retirement plan; 4. Make "rollovers" of plan benefits into other retirement plans; 5. If authorized by the plan, borrow from, sell assets to, and purchase assets from the plan; and 6. Waive the right of the principal to be a beneficiary of a joint or survivor annuity if the principal is a spouse who is not employed.

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transactions. CONSTRUCTION OF POWER RELATING TO RETIREMENT PLAN TRANSACTIONS In a statutory power of attorney, the language granting power with respect to retirement plan transactions empowers the agent to: 1. Select payment options under any retirement plan in which the principal participates, including plans for self-employed individuals; 2. Make voluntary contributions to those plans; 3. Exercise the investment powers available under any self- directed retirement plan; 4. Make "rollovers" of plan benefits into other retirement plans; 5. If authorized by the plan, borrow from, sell assets to, and purchase assets from the plan; and 6. Waive the right of the principal to be a beneficiary of a joint or survivor annuity if the principal is a spouse who is not employed.