Colorado Code
Article 1.5 - Colorado Uniform Custodial Trust Act
§ 15-1.5-108. General Powers of Custodial Trustee

Source: L. 99: Entire article added, p. 1216, § 1, effective August 4.
This section is taken from Section 13 of UTMA. It grants the trustee very broad powers over the property, subject, however, to the Prudent Person Rule and to the obligations set out in the Act. An alternative approach to subsection (1) that might be taken by an enacting state is to refer to the existing statutes granting powers to a trustee, such as the Uniform Trustee's Powers Act. For example: [A custodial trustee has the powers of a trustee under the Uniform Trustee's Powers Act.]

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