In an action against a trust director for breach of trust, the director may assert the same defenses a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee.
Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 172, § 1, effective August 2.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 16 - Trust Administration
Part 8 - Colorado Uniform Directed Trust Act
§ 15-16-803. Application - Principal Place of Administration
§ 15-16-804. Common Law and Principles of Equity
§ 15-16-805. Exclusions - Definition
§ 15-16-806. Powers of Trust Director
§ 15-16-807. Limitations on Powers of Trust Director
§ 15-16-808. Duty and Liability of Trust Director
§ 15-16-809. Duty and Liability of Directed Trustee
§ 15-16-810. Duty to Provide Information to Trust Director or Trustee
§ 15-16-811. No Duty to Monitor, Inform, or Advise
§ 15-16-812. Application to Cotrustee
§ 15-16-813. Limitations of Action Against Trust Director
§ 15-16-814. Defenses in Action Against Trust Director
§ 15-16-815. Jurisdiction Over Trust Director
§ 15-16-816. Office of Trust Director
§ 15-16-817. Uniformity of Application and Construction
§ 15-16-818. Relation to Electronic Signatures in Global and National Commerce Act