§ 3-9-215 — Retirement plans

Wyoming § 3-9-215

• Jurisdiction: Wyoming
• Title 03: Guardian and Ward
• Ch. 9: UNIFORM POWER OF ATTORNEY ACT
• Art. 2: AUTHORITY

Text

(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.