Statute · California Probate Code
Cal. Prob. Code § 4462 — Construction of Powers
Cal. Prob. Code § 4462
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In a statutory form power of attorney, the language granting power with respect to retirement plan transactions empowers the agent to do all of the following:
Citator
Cal. Prob. Code § 4462 — Construction of Powers is in force in the current edition of the Code, and nothing recorded condemns it.
In a statutory form power of attorney, the language granting power with respect to retirement plan transactions empowers the agent to do all of the following:
(a) Select payment options under any retirement plan in which the principal participates, including plans for self-employed individuals.
(b) Make voluntary contributions to those plans.
(c) Exercise the investment powers available under any self-directed retirement plan.
(d) Make rollovers of plan benefits into other retirement plans.
(e) If authorized by the plan, borrow from, sell assets to, and purchase assets from the plan.
(f) 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.