Ohio § 1337.56

§ 1337.56.

(A) As used in this section, “ 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 the principal is

a participant, beneficiary, or owner, including any of the following plans or accounts: (1) An individual retirement account under section 408 of the Internal Revenue Code of 1986 , 26 U.S.C. 408 ; (2) A Roth individual retirement account under section 408A of the Internal Revenue Code of 1986 , 26 U.S.C. 408A ; (3) A deemed individual retirement account under section 408(q) of the Internal Revenue Code of 1986 , 26 U.S.C. 408(q) ; (4) An annuity or mutual fund custodial account under section 403(b) of the Internal Revenue Code of 1986 , 26 U.S.C. 403(b) ; (5) A pension, profit-sharing, stock bonus, or other retirement plan qualified under section 401(a) of the Internal Revenue Code of 1986 , 26 U.S.C. 401(a) ; (6) A plan under section 457(b) of the Internal Revenue Code of 1986 , 26 U.S.C. 457(b) ; (7) A nonqualified deferred compensation plan under section 409A of the Internal Revenue Code of 1986 , 26 U.S.C. 409A . (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

do all of the following: (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; (6) Borrow from, sell assets to, or purchase assets from a retirement plan.