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Part 1 - General Provisions
§ 15-1-101. Short Title - This part 1 shall be known and may be cited...
§ 15-1-102. Legislative Declaration - This part 1 shall be interpreted and construed so as...
§ 15-1-103. Definitions - As used in this part 1, unless the context otherwise...
§ 15-1-104. Prior Transactions - The provisions of this part 1 shall not apply to...
§ 15-1-105. Application of Payments to Fiduciary - A person who in good faith pays or transfers to...
§ 15-1-106. Transfer of Negotiable Instruments by Fiduciary - If any negotiable instrument payable or indorsed to a fiduciary...
§ 15-1-107. Check Drawn by Fiduciary Payable to Third Person, Effect - If a check or other bill of exchange is drawn...
§ 15-1-108. Check Drawn by and Payable to Fiduciary, Effect - If a check or other bill of exchange is drawn...
§ 15-1-109. Deposit in Name of Fiduciary - If a deposit is made in a bank to the...
§ 15-1-110. Check Drawn Upon Account of Principal by Fiduciary - If a check is drawn upon the account of his...
§ 15-1-111. Deposits in Personal Account of Fiduciary - If a fiduciary makes a deposit in a bank to...
§ 15-1-112. Deposits in Name of Two or More Trustees - When a deposit is made in a bank in the...
§ 15-1-112.5. Liability of a Fiduciary for Acts of Predecessor Fiduciary - In the absence of actual knowledge or information which would...
§ 15-1-113. Cases Not Provided for in Law - In any case not provided for in this part 1,...
Part 2 - Distribution by Fiduciaries of Express Trusts
§ 15-1-201. When Part 2 Applicable - This part 2 shall be applicable to all powers of...
§ 15-1-201.5. Definitions - As used in this part 2, "donee" has the same...
§ 15-1-202. Trustee Not Liable, When - If a trustee of an express trust which includes property...
§ 15-1-203. No Liability if Distribution Under Instrument - If a trustee of an express trust which includes property...
§ 15-1-204. Rights of Appointees - Nothing in this part 2 shall be deemed to affect...
§ 15-1-205. Rights of Persons Entitled - Nothing in this part 2 shall be deemed to affect...
§ 15-1-206. Rights of Bona Fide Purchasers - Nothing in this part 2 shall be construed to impair...
Part 3 - Fiduciary Investments
§ 15-1-301. Fiduciary Defined - The word "fiduciary" as used in this part 3 means...
§ 15-1-302. Application - The provisions of this part 3 shall apply to and...
§ 15-1-303. Construction of Part 3 - Nothing in this part 3 shall be construed as modifying...
§ 15-1-304. Standard for Investments - In acquiring, investing, reinvesting, exchanging, retaining, selling, and managing property...
§ 15-1-304.1. Standard for Investments on and After July 1, 1995 - "Colorado Uniform Prudent Investor Act" - Source: L. 95: Entire section added, p. 312, § 2,...
§ 15-1-305. Terms of Instrument Govern - Nothing in this part 3 shall be construed as authorizing...
§ 15-1-306. Court Not Restricted - Nothing in this part 3 shall be construed as restricting...
§ 15-1-308. Investments in United States Government Obligations - In the absence of an express provision to the contrary,...
Part 4 - Uniform Principal and Income Act
§ 15-1-401. Short Title - Subparts 1 through 6 of this part 4 shall be...
§ 15-1-402. Definitions - As used in this part 4, unless the context otherwise...
§ 15-1-403. Fiduciary Duties - General Principles - Source: L. 2000: Entire part R&RE, p. 1129, § 1,...
§ 15-1-404. Trustee's Power to Adjust - Source: L. 2000: Entire part R&RE, p. 1130, § 1,...
§ 15-1-404.5. Conversion - Unitrusts - Administration - (4.5) For purposes of subsection (4) of this section: Source:...
§ 15-1-405. Notice of Action - Source: L. 2000: Entire part R&RE, p. 1132, § 1,...
§ 15-1-406. Determination and Distribution of Net Income - Source: L. 2000: Entire part R&RE, p. 1134, § 1,...
§ 15-1-407. Distribution to Residuary and Remainder Beneficiaries - Source: L. 2000: Entire part R&RE, p. 1135, § 1,...
§ 15-1-408. When Right to Income Begins and Ends - Source: L. 2000: Entire part R&RE, p. 1136, § 1,...
§ 15-1-409. Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins - Source: L. 2000: Entire part R&RE, p. 1137, § 1,...
§ 15-1-410. Apportionment When Income Interest Ends - Source: L. 2000: Entire part R&RE, p. 1137, § 1,...
§ 15-1-411. Character of Receipts - Source: L. 2000: Entire part R&RE, p. 1138, § 1,...
§ 15-1-412. Distribution From Trust or Estate - A trustee shall allocate to income an amount received as...
§ 15-1-413. Business and Other Activities Conducted by Trustee - Source: L. 2000: Entire part R&RE, p. 1139, § 1,...
§ 15-1-414. Principal Receipts - Source: L. 2000: Entire part R&RE, p. 1139, § 1,...
§ 15-1-415. Rental Property - To the extent that a trustee accounts for receipts from...
§ 15-1-416. Obligation to Pay Money - Source: L. 2000: Entire part R&RE, p. 1140, § 1,...
§ 15-1-417. Insurance Policies and Similar Contracts - Source: L. 2000: Entire part R&RE, p. 1140, § 1,...
§ 15-1-418. Insubstantial Allocations Not Required - Source: L. 2000: Entire part R&RE, p. 1141, § 1,...
§ 15-1-419. Deferred Compensation, Annuities, and Similar Payments - Source: L. 2000: Entire part R&RE, p. 1141, § 1,...
§ 15-1-420. Liquidating Asset - Source: L. 2000: Entire part R&RE, p. 1142, § 1,...
§ 15-1-421. Minerals, Water, and Other Natural Resources - Source: L. 2000: Entire part R&RE, p. 1142, § 1,...
§ 15-1-421.5. Disposition of Natural Resources - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-422. Timber - Source: L. 2000: Entire part R&RE, p. 1143, § 1,...
§ 15-1-423. Property Not Productive of Income - Source: L. 2000: Entire part R&RE, p. 1144, § 1,...
§ 15-1-424. Derivatives and Options - Source: L. 2000: Entire part R&RE, p. 1144, § 1,...
§ 15-1-425. Asset-Backed Securities - Source: L. 2000: Entire part R&RE, p. 1144, § 1,...
§ 15-1-426. Disbursements From Income - Source: L. 2000: Entire part R&RE, p. 1145, § 1,...
§ 15-1-427. Disbursements From Principal - Source: L. 2000: Entire part R&RE, p. 1145, § 1,...
§ 15-1-428. Transfers From Income to Principal for Depreciation - Source: L. 2000: Entire part R&RE, p. 1145, § 1,...
§ 15-1-429. Transfers From Income to Reimburse Principal - Source: L. 2000: Entire part R&RE, p. 1147, § 1,...
§ 15-1-430. Income Taxes - Source: L. 2000: Entire part R&RE, p. 1147, § 1,...
§ 15-1-431. Adjustments Between Principal and Income Because of Taxes - Source: L. 2000: Entire part R&RE, p. 1148, § 1,...
§ 15-1-432. Uniformity of Application - Construction - In applying and construing this uniform act, consideration shall be...
§ 15-1-433. Severability - If any provision of subparts 1 through 6 of this...
§ 15-1-434. Effective Date - Application to Existing Trusts and Estates - Election - Source: L. 2000: Entire part R&RE, p. 1149, § 1,...
§ 15-1-435. Application of Certain Provisions - Notice of Election - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-436. Transitional Matters - Source: L. 2009: Entire section added, (SB 09-139), ch. 131,...
§ 15-1-451. Short Title - This subpart 7 shall be known and may be cited...
§ 15-1-452. Source and Prior Enactment - Uniform Application - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-453. Definitions - Construction of Terms - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-454. Applicability - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-455. Application of This Subpart 7 - Powers of Settlor - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-456. Income and Principal - Disposition - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-457. Apportionment of Income - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-458. Corporate Dividends and Share Rights - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-459. Premium and Discount Bonds - Where any part of the principal consists of bonds or...
§ 15-1-460. Principal Used in Business - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-461. Principal Comprising Animals - If any part of the principal consists of animals employed...
§ 15-1-462. Principal Subject to Depletion - If any part of the principal consists of property other...
§ 15-1-463. Unproductive Estate - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-464. Disposition of Natural Resources - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-464.5. Disposition of Natural Resources - Special Applicability - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-465. Expenses - Trust Estates - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-466. Expenses - Nontrust Estates - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-467. Disposition of Net Probate Income - Source: L. 2009: Entire section added, (HB 09-1241), ch. 169,...
§ 15-1-468. Repeal of Part - This part 4 is repealed, effective January 1, 2022. Source:...
Part 5 - Fiduciary Property - Depository Nominees
§ 15-1-501. Fiduciary Property Kept Separate - Every fiduciary shall keep fiduciary property separate and distinct from...
§ 15-1-502. Nominees - Any fiduciary may register or hold the title to fiduciary...
§ 15-1-503. Fiduciary Property Deposits - Any fiduciary may deposit fiduciary property with a bank or...
§ 15-1-504. Holding of Securities by Fiduciary or Depository of Fiduciary Property - Any bank or trust company or clearing corporation acting as...
§ 15-1-505. Records - The records of every fiduciary shall at all times show...
§ 15-1-506. Liability of Issuer - No issuer of securities or agent thereof shall be liable...
§ 15-1-507. Custodian as Fiduciary - For purposes of this part 5, a bank or trust...
§ 15-1-508. Individual and Corporate Fiduciaries - Source: L. 77: Entire part R&RE, p. 827, § 1,...
§ 15-1-509. Fiduciary Duty - In the exercise of any of the powers granted in...
§ 15-1-510. Application - This part 5 shall apply to every fiduciary, regardless of...
Part 7 - Fiduciary Interests in Entities
§ 15-1-701. Power to Become Partner - Subject to the terms of the partnership agreement, if permitted...
§ 15-1-702. Family Business Interests - Maintenance of Entity - Formation of Successor Entity - Source: L. 2000: Entire section added, p. 1171, § 1,...
Part 8 - Powers
§ 15-1-801. Short Title - This part 8 shall be known and may be cited...
§ 15-1-802. Definitions - As used in this part 8, unless the context otherwise...
§ 15-1-803. Powers Conferred on Fiduciaries - Fiduciaries have all powers conferred upon them by the provisions...
§ 15-1-804. Powers Available - Source: L. 67: p. 767, § 1. C.R.S. 1963: §...
§ 15-1-805. Powers of Fiduciary Conferred by Court - The court having jurisdiction of the estate or trust may...
§ 15-1-806. Third Persons Protected in Dealing With Fiduciary - With respect to a third person dealing with a fiduciary...
§ 15-1-807. Applicability - This part 8 shall apply to all trusts existing on...
Part 10 - Charitable, Educational, Religious, and Benevolent Trusts
§ 15-1-1001. Legislative Declaration - It is the purpose of this part 10 to preserve...
§ 15-1-1002. Prohibition of Certain Acts - Amendment of Governing Instrument - Source: L. 71: p. 589, § 1. C.R.S. 1963: §...
§ 15-1-1003. Requirement for Distribution of Certain Amounts - In the administration of any trust which is a private...
§ 15-1-1004. Applicability of Sections 15-1-1002 and 15-1-1003 - The provisions of sections 15-1-1002 and 15-1-1003 shall not apply...
§ 15-1-1005. Rights and Powers of Courts and Attorney General Not Impaired - Nothing in this part 10 shall impair the rights and...
§ 15-1-1006. References to "Internal Revenue Code of 1954" - All references to sections of the "Internal Revenue Code of...
§ 15-1-1007. Application of Part 10 - This part 10 shall apply to all trusts established after...
Part 11 - Uniform Prudent Management of Institutional Funds Act
§ 15-1-1101. Short Title - This part 11 shall be known and may be cited...
§ 15-1-1102. Definitions - As used in this part 11, unless the context otherwise...
§ 15-1-1103. Standard of Conduct in Managing and Investing Institutional Fund - (1) In managing and investing an institutional fund, the following...
§ 15-1-1104. Appropriation for Expenditure of Accumulation of Endowment Fund - Rules of Construction - (1) Create an endowment fund of permanent duration unless other...
§ 15-1-1105. Delegation of Management and Investment Functions - Source: L. 2008: Entire part R&RE, p. 563, § 1,...
§ 15-1-1106. Release or Modification of Restrictions on Management, Investment, or Purpose - Source: L. 2008: Entire part R&RE, p. 563, § 1,...
§ 15-1-1107. Reviewing Compliance - Compliance with this part 11 is determined in light of...
§ 15-1-1108. Application to Existing Institutional Funds - This part 11 applies to institutional funds existing on or...
§ 15-1-1109. Relation to "Electronic Signatures in Global and National Commerce Act" - This part 11 modifies, limits, and supersedes the "Electronic Signatures...
§ 15-1-1110. Uniformity of Application and Construction - In applying and construing this part 11, consideration must be...
Part 12 - Life Estate in Property of Surviving Spouse
§ 15-1-1201. Life Estate in Property - Rights of Surviving Spouse - Source: L. 88: Entire part added, p. 647, § 1,...
§ 15-1-1202. Applicability of Part - This part 12 shall apply to the estate of any...
Part 14 - Restrictions on Exercise of Certain Fiduciary Powers
§ 15-1-1401. Restrictions on Exercise of Certain Fiduciary Powers - Source: L. 96: Entire part added, p. 654, § 4,...
Part 15 - Revised Uniform Fiduciary Access to Digital Assets Act
§ 15-1-1501. Short Title - This part 15 may be cited as the "Revised Uniform...
§ 15-1-1502. Definitions - In this part 15: Source: L. 2016: Entire part added,...
§ 15-1-1503. Applicability - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1504. User Direction for Disclosure of Digital Assets - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1505. Terms-of-Service Agreement - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1506. Procedure for Disclosing Digital Assets - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1507. Disclosure of Content of Electronic Communications of Deceased User - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1508. Disclosure of Other Digital Assets of Deceased User - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1509. Disclosure of Content of Electronic Communications of Principal - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1510. Disclosure of Other Digital Assets of Principal - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1511. Disclosure of Digital Assets Held in Trust When Trustee Is Original User - Unless otherwise ordered by the court or provided in a...
§ 15-1-1512. Disclosure of Contents of Electronic Communications Held in Trust When Trustee Not Original User - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1513. Disclosure of Other Digital Assets Held in Trust When Trustee Not Original User - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1514. Disclosure of Digital Assets to Conservator of Protected Person - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1515. Fiduciary Duty and Authority - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1516. Custodian Compliance and Immunity - Source: L. 2016: Entire part added, (SB 16-088), ch. 71,...
§ 15-1-1517. Uniformity of Application and Construction - In applying and construing this uniform act, consideration must be...
§ 15-1-1518. Relation to Electronic Signatures in Global and National Commerce Act - This part 15 modifies, limits, or supersedes the federal "Electronic...