Colo. Rev. Stat. § 15-5-804

Current through Chapter 67 of the 2024 Legislative Session

Section 15-5-804 - Prudent administration

A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

C.R.S. § 15-5-804

Added by 2018 Ch. 169,§ 1, eff. 1/1/2019.

L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1174, § 1, effective January 1, 2019.