It is the purpose of this part 10 to preserve the intent of testators and grantors of testamentary and inter vivos trusts created prior to and after June 2, 1971, for charitable, educational, religious, and benevolent purposes, by minimizing the imposition of federal income and excise taxes, and federal estate and gift taxes, imposed upon the assets of such trusts, and thereby preserving the maximum amount of the trust assets for the charitable, educational, religious, and benevolent purposes for which they were intended. The attorney general of this state shall perform such acts as, in his or her opinion, will result in the effectuation of this declaration of purpose.
Source: L. 71: p. 589, § 1. C.R.S. 1963: § 57-10-1. L. 73: p. 638, § 1. L. 2016: Entire section amended, (HB 16-1094), ch. 94, p. 266, § 9, effective August 10.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Part 10 - Charitable, Educational, Religious, and Benevolent Trusts
§ 15-1-1001. Legislative Declaration
§ 15-1-1002. Prohibition of Certain Acts - Amendment of Governing Instrument
§ 15-1-1003. Requirement for Distribution of Certain Amounts
§ 15-1-1004. Applicability of Sections 15-1-1002 and 15-1-1003
§ 15-1-1005. Rights and Powers of Courts and Attorney General Not Impaired