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2020 Colorado Revised Statutes
Title 15 - Probate, Trusts, And Fiduciaries
Article 1. Fiduciary
Section 15-1-806. Third persons protected in dealing with fiduciary.
Universal Citation: CO Rev Stat § 15-1-806 (2020)
With respect to a third person dealing with a fiduciary or assisting a fiduciary in the conduct of a transaction, proper exercise of his powers by the fiduciary is to be presumed, and such third person shall not be bound to inquire whether the fiduciary has power to act or is properly exercising such powers, nor shall such third person be bound to see to the proper application of estate or trust assets paid or delivered to the fiduciary.
Source: L. 67: p. 770, § 1. C.R.S. 1963: § 57-8-6.
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