A foreign corporate trustee is required to qualify as a foreign corporation doing business in this state if it maintains the principal place of administration of any trust within this state. A foreign cotrustee is not required to qualify in this state solely because its cotrustee maintains the principal place of administration in this state. Unless otherwise doing business in this state, local qualification by a foreign trustee, corporate or individual, is not required in order for the trustee to receive distribution from a local estate or to hold, invest in, manage, or acquire property located in this state, or maintain litigation. Nothing in this section affects a determination of what other acts require qualification as doing business in this state.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1156, § 1, effective January 1, 2019.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 5 - Colorado Uniform Trust Code
§ 15-5-201. Role of Court in Administration of Trust
§ 15-5-202. Jurisdiction Over Trustee and Beneficiary
§ 15-5-203. Subject Matter Jurisdiction
§ 15-5-205. Registration of Trusts
§ 15-5-206. Registration Procedures and Content of Statement
§ 15-5-207. Effect of Failure to Register
§ 15-5-208. Registration - Qualification of a Foreign Trustee