Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 5 - Colorado Uniform Trust Code

§ 15-5-301.5. Scope of Representative's Authority and Duty of Certain Representatives - Definitions - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-302. Representation by a Holder of General Testamentary Power of Appointment - To the extent that there is no conflict of interest...

§ 15-5-303. Representation by Fiduciaries and Parents - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-304. Representation by Person Having Substantially Identical Interest - Unless otherwise represented, a minor, an incapacitated person, or an...

§ 15-5-305. Appointment of Representative - If the court determines that an interest is not represented...

Part 4 - Creation, Validity, Modification, and Termination of Trust

§ 15-5-401. Methods of Creating Trust - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-402. Requirements for Creation - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-403. Trusts Created in Other Jurisdictions - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-404. Trust Purposes - A trust may be created only to the extent its...

§ 15-5-405. Charitable Purposes - Enforcement - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-406. Creation of Trust Induced by Fraud, Duress, or Undue Influence - A trust is void to the extent its creation was...

§ 15-5-407. Evidence of Oral Trust - Except as required by a statute other than this article...

§ 15-5-408. Trust for Care of an Animal - Subject to this section and section 15-5-409.5, a trust for...

§ 15-5-409. Noncharitable Trust Without Ascertainable Beneficiary - Subject to section 15-5-409.5 and except as provided pursuant to...

§ 15-5-409.5. Additional Provisions Applicable to Noncharitable Trusts Without Ascertainable Beneficiary and Trusts for Care of Animal - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-410. Modification or Termination of Trust - Proceedings for Approval or Disapproval - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-411. Modification or Termination of Noncharitable Irrevocable Trust by Consent - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-412. Modification or Termination Because of Unanticipated Circumstances or Inability to Administer Trust Effectively - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-413. Cy Pres - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-414. Modification or Termination of Uneconomic Trust - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-415. Reformation to Correct Mistakes - The court may reform the terms of a trust, even...

§ 15-5-416. Modification to Achieve Settlor's Tax Objectives - To achieve the settlor's tax objectives, the court may modify...

§ 15-5-417. Combination and Division of Trusts - After notice to the qualified beneficiaries and trust directors, a...

Part 5 - Creditor's Claims - Spendthrift and Discretionary Trusts

§ 15-5-501. Rights of Beneficiary's Creditor or Assignee - Except as provided in section 15-5-504, to the extent a...

§ 15-5-502. Spendthrift Provision - Source: L. 2021: Entire part added, (SB 21-162), ch. 170,...

§ 15-5-503. Exceptions to Spendthrift Provision - Definitions - (2.5) Subsection (2) of this section does not apply to...

§ 15-5-504. Discretionary Trusts - Effect of Standard - Definitions - (3.5) Subsection (3) of this section does not apply to...

§ 15-5-505. Creditor's Claim Against a Settlor - Source: L. 2021: Entire part added, (SB 21-162), ch. 170,...

§ 15-5-506. Overdue Distribution - Definition - Source: L. 2021: Entire part added, (SB 21-162), ch. 170,...

§ 15-5-507. Personal Obligations of Trustee - Trust property is not subject to personal obligations of the...

§ 15-5-508. Application of Part - Source: L. 2021: Entire part added, (SB 21-162), ch. 170,...

Part 6 - Revocable Trusts

§ 15-5-602. Revocation or Amendment of Revocable Trust - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-603. Settlor's Powers - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-604. Limitation on Action Contesting Validity of Revocable Trust - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

Part 7 - Office of Trustee

§ 15-5-701. Accepting or Declining Trusteeship - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-702. Trustee's Bond - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-703. Cotrustees - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-704. Vacancy in Trusteeship - Appointment of Successor - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-705. Resignation of Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-706. Removal of Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-707. Delivery of Property by Former Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-708. Compensation of Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-709. Reimbursement of Expenses - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

Part 8 - Duties and Powers of Trustee

§ 15-5-801. Duty to Administer Trust - Upon acceptance of a trusteeship, the trustee shall administer the...

§ 15-5-802. Duty of Loyalty - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-803. Impartiality - If a trust has two or more beneficiaries, the trustee...

§ 15-5-804. Prudent Administration - A trustee shall administer the trust as a prudent person...

§ 15-5-805. Costs of Administration - In administering a trust, the trustee may incur only costs...

§ 15-5-806. Trustee's Skills - A trustee who has special skills or expertise, or is...

§ 15-5-807. Delegation by Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-808. Powers to Direct - (Reserved)

§ 15-5-809. Control and Protection of Trust Property - A trustee shall take reasonable steps to take control of...

§ 15-5-810. Record Keeping and Identification of Trust Property - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-811. Enforcement and Defense of Claims - A trustee shall take reasonable steps to enforce claims of...

§ 15-5-812. Collecting Trust Property - A trustee shall take reasonable steps to compel a former...

§ 15-5-813. Duty to Inform and Report - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-814. Discretionary Powers - Tax Savings - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-815. General Powers of Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-816. Specific Powers of Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-817. Distribution on Termination - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-818. Reimbursement for Taxes - Definitions - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

Part 10 - Liability of Trustees and Rights of Persons Dealing With Trustees

§ 15-5-1001. Remedies for Breach of Trust - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1002. Damages for Breach of Trust - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1003. Damages in Absence of Breach - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1004. Compensation and Costs - Except as otherwise provided in this article 5, the provisions...

§ 15-5-1005. Limitation of Actions Against Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1006. Reliance on Trust Instrument - A trustee who acts in reasonable reliance on the terms...

§ 15-5-1007. Event Affecting Administration or Distribution - If the happening of an event, including marriage, divorce, performance...

§ 15-5-1008. Exculpation of Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1009. Beneficiary's Consent, Release, or Ratification - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1010. Limitation on Personal Liability of Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1011. Interest as a General Partner - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1012. Protection of Person Dealing With Trustee - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

§ 15-5-1013. Certification of Trust - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

Part 13 - Life Insurance Policy Owned by a Trustee

§ 15-5-1301. Life Insurance Policy Owned by a Trustee - Definition - (I) [ Editor's note: This version of subsection (2)(a)(I) is...

Part 14 - Miscellaneous Provisions

§ 15-5-1401. Uniformity of Application and Construction - In applying and construing the language of this article 5...

§ 15-5-1402. Electronic Records and Signatures - The provisions of this article 5 governing the legal effect,...

§ 15-5-1403. Severability Clause - If any provision of this article 5 or its application...

§ 15-5-1404. Application to Existing Relationships - Source: L. 2018: Entire article added, (SB 18-180), ch. 169,...

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Colorado Code Title 15 - Probate, Trusts, and Fiduciaries Article 5 - Colorado Uniform Trust Code

Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 5 - Colorado Uniform Trust Code