{"data":{"id":"us-ga/o.c.g.a.-10-6b-54","jurisdiction":"us-ga","citation":"O.C.G.A. § 10-6B-54","heading":"Retirement plans.","body":"(a) As used in this Code section, the term “retirement plan” means a plan or account created by an employer, the principal, or another individual to provide retirement benefits or deferred compensation of which such principal is a participant, beneficiary, or owner, including a plan or account under the following sections of the Internal Revenue Code:\n(1) An individual retirement account under Internal Revenue Code Section 408, 26 U.S.C. Section 408, in effect on February 1, 2018;\n(2) A Roth individual retirement account under Internal Revenue Code Section 408A, 26 U.S.C. Section 408A, in effect on February 1, 2018;\n(3) A deemed individual retirement account under Internal Revenue Code Section 408(q), 26 U.S.C. Section 408(q), in effect on February 1, 2018;\n(4) An annuity or mutual fund custodial account under Internal Revenue Code Section 403(b), 26 U.S.C. Section 403(b), in effect on February 1, 2018;\n(5) A pension, profit-sharing, stock bonus, or other retirement plan qualified under Internal Revenue Code Section 401(a), 26 U.S.C. Section 401(a), in effect on February 1, 2018;\n(6) A plan under Internal Revenue Code Section 457(b), 26 U.S.C. Section 457(b), in effect on February 1, 2018; and\n(7) A nonqualified deferred compensation plan under Internal Revenue Code Section 409A, 26 U.S.C. Section 409A, in effect on February 1, 2018.\n(b) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans shall authorize the agent to:\n(1) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan;\n(2) Make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another;\n(3) Establish a retirement plan in the principal’s name;\n(4) Make contributions to a retirement plan;\n(5) Exercise investment powers available under a retirement plan; and\n(6) Borrow from, sell assets to, or purchase assets from a retirement plan.","path":["TITLE 10 Commerce and Trade","CHAPTER 6B Georgia Power of Attorney","Article 2 Authority of Agent"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.10.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"d4045cd71c3e413b5047b2f03e8da70ee7ae37b9af35b5f27442ac18f268fef1","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-10-6b-53","next":"us-ga/o.c.g.a.-10-6b-55"},"notice":"GroundRules: Original legal text. Not legal advice."}