Colorado Code
Article 1.5 - Colorado Uniform Custodial Trust Act
§ 15-1.5-114. Expenses, Compensation, and Bond of Custodial Trustee

Source: L. 99: Entire article added, p. 1219, § 1, effective August 4.
This section follows the pattern of Section 15 of the UTMA except it does subject the arrangements for payment of expenses, compensation, and bond to provisions in the custodial trust instrument or agreement of the beneficiary or court order.
As in UTMA, the provisions with regard to compensation are designed to avoid imputed compensation to the custodian who waives compensation and also to avoid the accumulation of claims for compensation until the termination of the custodial trust. Although the ability to control these matters by the trust instrument or agreement of the beneficiary seems to be implied, as was assumed in UTMA, it is here expressly stated because of the possibility of informal arrangements with persons as trustees.

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