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2020 Colorado Revised Statutes
Title 15 - Probate, Trusts, And Fiduciaries
Article 5. Colorado Uniform Trust Code
Section 15-5-702. Trustee's bond.
Universal Citation: CO Rev Stat § 15-5-702 (2020)
(1) A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.
The court may specify the amount of a bond, its liabilities, and whether sureties arenecessary. The court may modify or terminate a bond at any time.
Unless otherwise directed by the court or the terms of the trust, the cost of a bond ischarged to the trust.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1168, § 1, effective January 1, 2019.
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