Conn. Gen. Stat. § 1-351n
This is the official text of Conn. Gen. Stat. § 1-351n, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 1-351n. General authority with respect to retirement plans.
Official statutory text
(1) An individual retirement account under 26 USC 408, as amended from time to time;
(2) A Roth individual retirement account under 26 USC 408A, as amended from time to time;
(3) A deemed individual retirement account under 26 USC 408(q), as amended from time to time;
(4) An annuity or mutual fund custodial account under 26 USC 403(b), as amended from time to time;
(5) A pension, profit sharing, stock bonus or other retirement plan qualified under 26 USC 401(a), as amended from time to time;
(6) A plan under 26 USC 457(b), as amended from time to time; and
(7) A nonqualified deferred compensation plan under 26 USC 409A, as amended from time to time.
(b) 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:
(1) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan;
(2) Make a rollover, including a direct trustee to trustee rollover, of benefits from one retirement plan to another;
(3) Establish a retirement plan in the principal's name;
(4) Make contributions to a retirement plan;
(5) Exercise investment powers available under a retirement plan; and
(6) Borrow from, sell assets to or purchase assets from a retirement plan.
(2) A Roth individual retirement account under 26 USC 408A, as amended from time to time;
(3) A deemed individual retirement account under 26 USC 408(q), as amended from time to time;
(4) An annuity or mutual fund custodial account under 26 USC 403(b), as amended from time to time;
(5) A pension, profit sharing, stock bonus or other retirement plan qualified under 26 USC 401(a), as amended from time to time;
(6) A plan under 26 USC 457(b), as amended from time to time; and
(7) A nonqualified deferred compensation plan under 26 USC 409A, as amended from time to time.
(b) 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:
(1) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan;
(2) Make a rollover, including a direct trustee to trustee rollover, of benefits from one retirement plan to another;
(3) Establish a retirement plan in the principal's name;
(4) Make contributions to a retirement plan;
(5) Exercise investment powers available under a retirement plan; and
(6) Borrow from, sell assets to or purchase assets from a retirement plan.
Status: in_force · Read it on the official government site
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