A third party who acts in good faith reliance on the affirmation of the existence of a valid designated beneficiary agreement shall not be subject to civil liability or administrative discipline for such reliance.
Source: L. 2009: Entire article added, (HB 09-1260), ch. 107, p. 437, § 1, effective July 1.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 22 - Designated Beneficiary Agreements
§ 15-22-102. Legislative Declaration
§ 15-22-104. Requirements for a Valid Designated Beneficiary Agreement
§ 15-22-105. Effects and Applicability of a Designated Beneficiary Agreement
§ 15-22-106. Statutory Form of a Designated Beneficiary Agreement
§ 15-22-107. Recording - Duties of the County Clerk and Recorder - Fee
§ 15-22-108. Designated Beneficiary Agreement - Effect on Other Legal Documents
§ 15-22-109. Affirmation of Validity of Designated Beneficiary Agreement
§ 15-22-110. Reliance - Immunity
§ 15-22-111. Revocation of a Designated Beneficiary Agreement
§ 15-22-112. Death of a Designated Beneficiary - Effect on Designated Beneficiary Agreement