2020 Colorado Revised Statutes
Title 15 - Probate, Trusts, And Fiduciaries
Article 12. Probate of Wills and Administration
Section 15-12-715. Transactions authorized for personal representatives - exceptions.
(1) Except as restricted or otherwise provided by the will or by an order in a formal proceeding and subject to the priorities stated in section 15-12-902, a personal representative, acting reasonably for the benefit of the interested persons, may properly:
Exercise any of the powers enumerated in the "Colorado Fiduciaries' Powers Act" atthe time of such exercise; and
Satisfy written charitable pledges of the decedent irrespective of whether the pledgesconstituted binding obligations of the decedent or were properly presented as claims, if in the judgment of the personal representative the decedent would have wanted the pledges completed under the circumstances.
Source: L. 73: R&RE, p. 1590, § 1. C.R.S. 1963: § 153-3-715.
Cross references: For the "Colorado Fiduciaries' Powers Act", see part 8 of article 1 of
this title.
