Notwithstanding the provisions of §§ 3-13A-23 to 3-13A-23.1, inclusive, or the provisions of the treasury regulations, benefit options may continue so long as the option satisfies § 401(a)(9) of the Internal Revenue Code based on a reasonable and good faith interpretation of that section.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Source: SL 2021, ch 28, § 17.