To the extent that there is no conflict of interest between the holder of a general testamentary power of appointment and the persons represented with respect to the particular question or dispute, the holder may represent and bind persons whose interests, as permissible appointees, takers in default, or otherwise, are subject to the power. For persons bound by orders binding holders of a presently exercisable general power of appointment, see section 15-10-403 (3)(a).
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1159, § 1, effective January 1, 2019.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 5 - Colorado Uniform Trust Code
§ 15-5-301. Representation - Basic Effect
§ 15-5-301.5. Scope of Representative's Authority and Duty of Certain Representatives - Definitions
§ 15-5-302. Representation by a Holder of General Testamentary Power of Appointment
§ 15-5-303. Representation by Fiduciaries and Parents
§ 15-5-304. Representation by Person Having Substantially Identical Interest