Every guardian shall invest the surplus funds of his or her ward's estate in such securities or property as authorized under the laws of this state, but only upon prior order of the court; except that the funds may be invested, without prior court authorization, in direct unconditional interest-bearing obligations of this state or of the United States and in obligations the interest and principal of which are unconditionally guaranteed by the United States. A signed duplicate or certified copy of the petition for authority to invest shall be furnished the proper office of the veterans administration, and notice of hearing thereon shall be given said office as provided in the case of hearing on a guardian's account.
Source: L. 45: p. 657, § 13. CSA: C. 150, § 55 (13). CRS 53: § 143-3-13. C.R.S. 1963: § 144-3-13. L. 2002: Entire section amended, p. 623, § 132, effective May 24.
Cross references: For fiduciary investments, see part 3 of article 1 of title 15.
Structure Colorado Code
Title 28 - Military and Veterans
Part 2 - Uniform Veterans' Guardianship Law
§ 28-5-203. Administrator as Party in Interest
§ 28-5-204. Guardian Appointed When Necessary
§ 28-5-205. Limitation on Number of Wards
§ 28-5-206. Appointment of Guardian - Petition
§ 28-5-207. Evidence of Necessity for Guardian of Infant
§ 28-5-208. Evidence of Necessity for Guardian for Incompetent
§ 28-5-209. Notice of Filing Petition
§ 28-5-211. Accounts of Securities - Notices and Hearings
§ 28-5-212. Penalty for Failure to Account
§ 28-5-213. Compensation of Guardians
§ 28-5-215. Maintenance and Support
§ 28-5-216. Purchase of Home for Ward
§ 28-5-217. Copies of Public Records to Be Furnished
§ 28-5-218. Discharge of Guardian - Release of Sureties
§ 28-5-219. Record Not Construed as Legal Adjudication
§ 28-5-220. Certification or Commitment to Veterans Administration
§ 28-5-221. Liberal Construction