Okla. Stat. tit. 15, § 15-1017
This is the official text of Okla. Stat. tit. 15, § 15-1017, part of Oklahoma’s Stat. tit. 15, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 15,." Browse the sections below, each linked to its official government source.
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Construction of power relating to retirement plan
Official statutory 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.
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.
Status: in_force · Read it on the official government site
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