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2021 Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 1.1 - Uniform Prudent Investor Act
§ 15-1.1-115. Colorado Changes to Uniform Act - Specific Statutes Control - Use of Term “Trustee”
Universal Citation: CO Code § 15-1.1-115 (2021)
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- The general assembly recognizes that persons, corporations, entities, or state agencies who have responsibility for investing funds may be subject to a standard that is specifically set forth in other statutes. Under such circumstances, such persons, corporations, entities, or state agencies shall comply with the standard of investment set forth in the other statute, and this article shall not modify or repeal that standard.
- In addition, as provided for in section 15-1-304.1, this article shall not apply to those persons, corporations, entities, or state agencies which were made subject to the provisions of section 15-1-304 by specific reference in another statute in existence prior to July 1, 1995.
- As used in this article, “trustee” includes original or successor administrators, special administrators, administrators cum testamento annexo, executors, guardians, conservators, and trustees, whether of express or implied trusts.
History. Source: L. 95: Entire article added, p. 312, § 1, effective July 1.
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