Source: L. 2000: Entire part R&RE, p. 1145, § 1, effective July 1, 2001.
Editor's note: This section is similar to former § 15-1-415 as it existed prior to 2001.
Trustee fees. The regular compensation of a trustee or the trustee's agent includes compensation based on a percentage of either principal or income or both.
Insurance premiums. The reference in paragraph (1)(d) to "recurring" premiums is intended to distinguish premiums paid annually for fire insurance from premiums on title insurance, each of which covers the loss of a principal asset. Title insurance premiums would be a principal disbursement under Section 15-1-427 (1)(e).
Regularly recurring taxes. The reference to "regularly recurring taxes assessed against principal" includes all taxes regularly imposed on real property and tangible and intangible personal property.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Part 4 - Uniform Principal and Income Act
§ 15-1-403. Fiduciary Duties - General Principles
§ 15-1-404. Trustee's Power to Adjust
§ 15-1-404.5. Conversion - Unitrusts - Administration
§ 15-1-406. Determination and Distribution of Net Income
§ 15-1-407. Distribution to Residuary and Remainder Beneficiaries
§ 15-1-408. When Right to Income Begins and Ends
§ 15-1-409. Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins
§ 15-1-410. Apportionment When Income Interest Ends
§ 15-1-411. Character of Receipts
§ 15-1-412. Distribution From Trust or Estate
§ 15-1-413. Business and Other Activities Conducted by Trustee
§ 15-1-414. Principal Receipts
§ 15-1-416. Obligation to Pay Money
§ 15-1-417. Insurance Policies and Similar Contracts
§ 15-1-418. Insubstantial Allocations Not Required
§ 15-1-419. Deferred Compensation, Annuities, and Similar Payments
§ 15-1-421. Minerals, Water, and Other Natural Resources
§ 15-1-421.5. Disposition of Natural Resources
§ 15-1-423. Property Not Productive of Income
§ 15-1-424. Derivatives and Options
§ 15-1-425. Asset-Backed Securities
§ 15-1-426. Disbursements From Income
§ 15-1-427. Disbursements From Principal
§ 15-1-428. Transfers From Income to Principal for Depreciation
§ 15-1-429. Transfers From Income to Reimburse Principal
§ 15-1-431. Adjustments Between Principal and Income Because of Taxes
§ 15-1-432. Uniformity of Application - Construction
§ 15-1-434. Effective Date - Application to Existing Trusts and Estates - Election
§ 15-1-435. Application of Certain Provisions - Notice of Election
§ 15-1-436. Transitional Matters
§ 15-1-452. Source and Prior Enactment - Uniform Application
§ 15-1-453. Definitions - Construction of Terms
§ 15-1-455. Application of This Subpart 7 - Powers of Settlor
§ 15-1-456. Income and Principal - Disposition
§ 15-1-457. Apportionment of Income
§ 15-1-458. Corporate Dividends and Share Rights
§ 15-1-459. Premium and Discount Bonds
§ 15-1-460. Principal Used in Business
§ 15-1-461. Principal Comprising Animals
§ 15-1-462. Principal Subject to Depletion
§ 15-1-463. Unproductive Estate
§ 15-1-464. Disposition of Natural Resources
§ 15-1-464.5. Disposition of Natural Resources - Special Applicability
§ 15-1-465. Expenses - Trust Estates
§ 15-1-466. Expenses - Nontrust Estates