Sec. 34.40.118. Transfers of individual retirement accounts.
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Sec. 34.40.118. Transfers of individual retirement accounts.
(a)Notwithstanding a provision in AS 09.38.017 (d), AS 34.40.110 , or another law to the contrary, a person may voluntarily transfer or assign the person's interest in an individual retirement account if the person
(1)is the owner of or a participant in the individual retirement account; or
(2)acquired the interest as a result of the death of another individual.
(b)In this section, “individual retirement account” means an individual retirement account established under 26 U.S.C. 408 or a Roth IRA established under 26 U.S.C. 408A.