If a trustee of an express trust which includes property subject to a power of appointment or other power of disposition distributes such property pursuant to an instrument exercising such power and without knowledge of any infirmity in such instrument and thereafter such instrument shall be held wholly or partially invalid, such trustee shall not be responsible to those persons who would take in default of appointment.
Source: L. 53: p. 303, § 2. CRS 53: § 57-2-2. C.R.S. 1963: § 57-2-2.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Part 2 - Distribution by Fiduciaries of Express Trusts
§ 15-1-201. When Part 2 Applicable
§ 15-1-202. Trustee Not Liable, When
§ 15-1-203. No Liability if Distribution Under Instrument
§ 15-1-204. Rights of Appointees