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2020 Colorado Revised Statutes
Title 15 - Probate, Trusts, And Fiduciaries
Article 5. Colorado Uniform Trust Code
Section 15-5-815. General powers of trustee.
Universal Citation: CO Rev Stat § 15-5-815 (2020)
(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:
All powers over the trust property that an unmarried competent owner has over individually owned property;
Any other powers appropriate to achieve the proper investment, management, anddistribution of the trust property; and
Any other powers conferred by this code and the "Colorado Fiduciaries' PowersAct", 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.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1178, § 1, effective January 1, 2019.
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