Prob. Code, § 4462 · Chapter 2. Construction of Powers
Prob. Code, § 4462
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Amended by Stats. 2011, Ch. 113, Sec. 9. (AB 1082) Effective January 1, 2012.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PROB§ionNum=4462.
- Text hash
- sha256 b7ac9246b60218324ed8ebaa9c090e9abbaea93c261fcfa9d8113e09ccd7926c
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.