{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1636.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1636.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1636.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1636.html"}],"law_id":68350,"edition_id":1,"section_id":68350,"structure_id":12908,"section_number":"64.2-1636","catch_line":"Retirement plans","history":"2010, cc. 455, 632, \u00a7 26-109; 2012, c. 614.","full_text":"A\n\nIn 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 a plan or account under the following sections of the Internal Revenue Code:1\n\nAn individual retirement account under Internal Revenue Code 26 U.S.C. § 408, as amended;2\n\nA Roth individual retirement account under Internal Revenue Code 26 U.S.C. § 408A, as amended;3\n\nA deemed individual retirement account under Internal Revenue Code 26 U.S.C. § 408 (q), as amended;4\n\nAn annuity or mutual fund custodial account under Internal Revenue Code 26 U.S.C. § 403 (b), as amended;5\n\nA pension, profit-sharing, stock bonus, or other retirement plan qualified under Internal Revenue Code 26 U.S.C. § 401 (a), as amended;6\n\nA plan under Internal Revenue Code 26 U.S.C. § 457 (b), as amended; and7\n\nA nonqualified deferred compensation plan under Internal Revenue Code 26 U.S.C. § 409A, as amended.B\n\nUnless 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\n\nSelect the form and timing of payments under a retirement plan and withdraw benefits from a plan;2\n\nMake a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another;3\n\nEstablish a retirement plan in the principal’s name;4\n\nMake contributions to a retirement plan;5\n\nExercise investment powers available under a retirement plan; and6\n\nBorrow from, sell assets to, or purchase assets from a retirement plan.","order_by":null,"text":{"0":{"id":247514,"text":"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 a plan or account under the following sections of the Internal Revenue Code:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":247515,"text":"An individual retirement account under Internal Revenue Code 26 U.S.C. § 408, as amended;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":247516,"text":"A Roth individual retirement account under Internal Revenue Code 26 U.S.C. § 408A, as amended;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":247517,"text":"A deemed individual retirement account under Internal Revenue Code 26 U.S.C. § 408 (q), as amended;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":247518,"text":"An annuity or mutual fund custodial account under Internal Revenue Code 26 U.S.C. § 403 (b), as amended;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":247519,"text":"A pension, profit-sharing, stock bonus, or other retirement plan qualified under Internal Revenue Code 26 U.S.C. § 401 (a), as amended;","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":247520,"text":"A plan under Internal Revenue Code 26 U.S.C. § 457 (b), as amended; and","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":247521,"text":"A nonqualified deferred compensation plan under Internal Revenue Code 26 U.S.C. § 409A, as amended.","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"B"},"8":{"id":247522,"text":"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:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A7","next_prefix":"B1"},"9":{"id":247523,"text":"Select the form and timing of payments under a retirement plan and withdraw benefits from a plan;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"10":{"id":247524,"text":"Make a rollover, including a direct trustee-to-trustee rollover, of benefits from one retirement plan to another;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"11":{"id":247525,"text":"Establish a retirement plan in the principal’s name;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"12":{"id":247526,"text":"Make contributions to a retirement plan;","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"13":{"id":247527,"text":"Exercise investment powers available under a retirement plan; and","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"B6"},"14":{"id":247528,"text":"Borrow from, sell assets to, or purchase assets from a retirement plan.","type":"section","prefixes":["B","6"],"prefix":"6","entire_prefix":"B6","prefix_anchor":"B6","level":2,"prior_prefix":"B5"}},"ancestry":[{"id":12908,"edition_id":1,"name":"Authority","identifier":"2","label":"article","depth":5,"order_by":1,"parent_id":12907,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":275247,"object_type":"structure","relational_id":12908,"identifier":"2","token":"64.2\/IV\/B\/16\/2","url":"\/64.2\/IV\/B\/16\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12907,"edition_id":1,"name":"Uniform Power of Attorney Act","identifier":"16","label":"chapter","depth":4,"order_by":1,"parent_id":12906,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":275155,"object_type":"structure","relational_id":12907,"identifier":"16","token":"64.2\/IV\/B\/16","url":"\/64.2\/IV\/B\/16\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12906,"edition_id":1,"name":"Powers of Attorney","identifier":"B","label":"part","depth":3,"order_by":1,"parent_id":12905,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":275153,"object_type":"structure","relational_id":12906,"identifier":"B","token":"64.2\/IV\/B","url":"\/64.2\/IV\/B\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12905,"edition_id":1,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":274813,"object_type":"structure","relational_id":12905,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71735,"structure_id":12908,"section_number":"64.2-1622","catch_line":"Authority that requires specific grant; grant of general authority","url":"\/64.2-1622\/","token":"64.2\/IV\/B\/16\/2\/64.2-1622","metadata":false},{"id":60293,"structure_id":12908,"section_number":"64.2-1623","catch_line":"Incorporation of authority","url":"\/64.2-1623\/","token":"64.2\/IV\/B\/16\/2\/64.2-1623","metadata":false},{"id":54022,"structure_id":12908,"section_number":"64.2-1624","catch_line":"Construction of authority generally","url":"\/64.2-1624\/","token":"64.2\/IV\/B\/16\/2\/64.2-1624","metadata":false},{"id":62615,"structure_id":12908,"section_number":"64.2-1625","catch_line":"Real property","url":"\/64.2-1625\/","token":"64.2\/IV\/B\/16\/2\/64.2-1625","metadata":false},{"id":76641,"structure_id":12908,"section_number":"64.2-1626","catch_line":"Tangible personal property","url":"\/64.2-1626\/","token":"64.2\/IV\/B\/16\/2\/64.2-1626","metadata":false},{"id":86975,"structure_id":12908,"section_number":"64.2-1627","catch_line":"Stocks and bonds","url":"\/64.2-1627\/","token":"64.2\/IV\/B\/16\/2\/64.2-1627","metadata":false},{"id":82660,"structure_id":12908,"section_number":"64.2-1628","catch_line":"Commodities and options","url":"\/64.2-1628\/","token":"64.2\/IV\/B\/16\/2\/64.2-1628","metadata":false},{"id":68885,"structure_id":12908,"section_number":"64.2-1629","catch_line":"Banks and other financial institutions","url":"\/64.2-1629\/","token":"64.2\/IV\/B\/16\/2\/64.2-1629","metadata":false},{"id":77562,"structure_id":12908,"section_number":"64.2-1630","catch_line":"Operation of entity or business","url":"\/64.2-1630\/","token":"64.2\/IV\/B\/16\/2\/64.2-1630","metadata":false},{"id":72015,"structure_id":12908,"section_number":"64.2-1631","catch_line":"Insurance and annuities","url":"\/64.2-1631\/","token":"64.2\/IV\/B\/16\/2\/64.2-1631","metadata":false},{"id":85116,"structure_id":12908,"section_number":"64.2-1632","catch_line":"Estates, trusts, and other beneficial interests","url":"\/64.2-1632\/","token":"64.2\/IV\/B\/16\/2\/64.2-1632","metadata":false},{"id":62374,"structure_id":12908,"section_number":"64.2-1633","catch_line":"Claims and litigation","url":"\/64.2-1633\/","token":"64.2\/IV\/B\/16\/2\/64.2-1633","metadata":false},{"id":64374,"structure_id":12908,"section_number":"64.2-1634","catch_line":"Personal and family maintenance","url":"\/64.2-1634\/","token":"64.2\/IV\/B\/16\/2\/64.2-1634","metadata":false},{"id":84130,"structure_id":12908,"section_number":"64.2-1635","catch_line":"Benefits from governmental programs or civil or military service","url":"\/64.2-1635\/","token":"64.2\/IV\/B\/16\/2\/64.2-1635","metadata":false},{"id":68350,"structure_id":12908,"section_number":"64.2-1636","catch_line":"Retirement plans","url":"\/64.2-1636\/","token":"64.2\/IV\/B\/16\/2\/64.2-1636","metadata":false},{"id":83054,"structure_id":12908,"section_number":"64.2-1637","catch_line":"Taxes","url":"\/64.2-1637\/","token":"64.2\/IV\/B\/16\/2\/64.2-1637","metadata":false},{"id":65446,"structure_id":12908,"section_number":"64.2-1638","catch_line":"Gifts","url":"\/64.2-1638\/","token":"64.2\/IV\/B\/16\/2\/64.2-1638","metadata":false}],"previous_section":{"id":84130,"structure_id":12908,"section_number":"64.2-1635","catch_line":"Benefits from governmental programs or civil or military service","url":"\/64.2-1635\/","token":"64.2\/IV\/B\/16\/2\/64.2-1635","metadata":false},"next_section":{"id":83054,"structure_id":12908,"section_number":"64.2-1637","catch_line":"Taxes","url":"\/64.2-1637\/","token":"64.2\/IV\/B\/16\/2\/64.2-1637","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1636\/","history_text":"

This law was first created in 2010. The record of its establishment is cataloged in chapters 455<\/a> and 632<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2012, chapter 614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":275305,"object_type":"law","relational_id":68350,"identifier":"64.2-1636","token":"64.2\/IV\/B\/16\/2\/64.2-1636","url":"\/64.2-1636\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1636\/","token":"64.2\/IV\/B\/16\/2\/64.2-1636","dublin_core":{"Title":"Retirement plans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1636","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> In this section, “retirement plan<\/span>” means a plan or account created by an employer, the principal<\/span>, or another individual to provide retirement benefits or deferred compensation of which the principal<\/span> is a participant, beneficiary, or owner, including a plan or account under the following sections of the Internal Revenue Code: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> An individual retirement account under Internal Revenue Code 26 U.S.C. § 408, as amended; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A Roth individual retirement account under Internal Revenue Code 26 U.S.C. § 408A, as amended; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A deemed individual retirement account under Internal Revenue Code 26 U.S.C. § 408 (q), as amended; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> An annuity or mutual fund custodial account under Internal Revenue Code 26 U.S.C. § 403 (b), as amended; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> A pension, profit-sharing, stock bonus, or other retirement plan<\/span> qualified under Internal Revenue Code 26 U.S.C. § 401 (a), as amended; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> A plan under Internal Revenue Code 26 U.S.C. § 457 (b), as amended; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> A nonqualified deferred compensation plan under Internal Revenue Code 26 U.S.C. § 409A, as amended. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Unless the power of attorney<\/span> otherwise provides, language in a power of attorney<\/span> granting general authority with respect to retirement plans<\/span> authorizes the agent<\/span> to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Select the form and timing of payments under a retirement plan<\/span> and withdraw benefits from a plan; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Make a rollover, including a direct trustee<\/span>-to-trustee<\/span> rollover, of benefits from one retirement plan<\/span> to another; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Establish a retirement plan<\/span> in the principal<\/span>’s name; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Make contributions to a retirement plan<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Exercise investment powers available under a retirement plan<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Borrow from, sell assets<\/span> to, or purchase assets<\/span> from a retirement plan<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRETIREMENT PLANS (\u00a7 64.2-1636)\n\nA. In this section, “retirement plan” means a plan or account\ncreated by an employer, the principal, or another individual to provide\nretirement benefits or deferred compensation of which the principal is a\nparticipant, beneficiary, or owner, including a plan or account under the\nfollowing sections of the Internal Revenue Code:\n\n 1. An individual retirement account under Internal Revenue Code 26 U.S.C.\n § 408, as amended;\n\n 2. A Roth individual retirement account under Internal Revenue Code 26 U.S.C.\n § 408A, as amended;\n\n 3. A deemed individual retirement account under Internal Revenue Code 26\n U.S.C. § 408 (q), as amended;\n\n 4. An annuity or mutual fund custodial account under Internal Revenue Code 26\n U.S.C. § 403 (b), as amended;\n\n 5. A pension, profit-sharing, stock bonus, or other retirement plan qualified\n under Internal Revenue Code 26 U.S.C. § 401 (a), as amended;\n\n 6. A plan under Internal Revenue Code 26 U.S.C. § 457 (b), as amended;\n and\n\n 7. A nonqualified deferred compensation plan under Internal Revenue Code 26\n U.S.C. § 409A, as amended.\n\nB. Unless the power of attorney otherwise provides, language in a power of\nattorney granting general authority with respect to retirement plans authorizes\nthe agent to:\n\n 1. Select the form and timing of payments under a retirement plan and withdraw\n benefits from a plan;\n\n 2. Make a rollover, including a direct trustee-to-trustee rollover, of\n benefits from one retirement plan to another;\n\n 3. Establish a retirement plan in the principal’s name;\n\n 4. Make contributions to a retirement plan;\n\n 5. Exercise investment powers available under a retirement plan; and\n\n 6. Borrow from, sell assets to, or purchase assets from a retirement plan.\n\nHISTORY: 2010, cc. 455, 632, \u00a7 26-109; 2012, c. 614.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}