Colo. Rev. Stat. § 15-5-815

Current through Chapter 123 of the 2024 Legislative Session
Section 15-5-815 - General powers of trustee
(1) A trustee, without authorization by the court, may exercise:
(a) Powers conferred by the terms of the trust; and
(b) Except as limited by the terms of the trust:
(I) All powers over the trust property that an unmarried competent owner has over individually owned property;
(II) Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(III) Any other powers conferred by this code and the "Colorado Fiduciaries' Powers Act", part 8 of article 1 of this title 15.
(2) The exercise of a power is subject to the fiduciary duties prescribed by this code.

C.R.S. § 15-5-815

Added by 2018 Ch. 169,§ 1, eff. 1/1/2019.
L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1178, § 1, effective January 1, 2019.