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2021 Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 16 - Trust Administration
Part 8 - Colorado Uniform Directed Trust Act
§ 15-16-803. Application - Principal Place of Administration
Universal Citation: CO Code § 15-16-803 (2021)
- This part 8 applies to a trust, whenever created, that has its principal place of administration in this state, subject to the following rules:
- If the trust was created before August 2, 2019, this part 8, as amended in 2019, applies only to a decision or action occurring on or after August 2, 2019.
- If the principal place of administration of the trust is changed to this state on or after August 2, 2019, this part 8 applies only to a decision or action occurring on or after the date of the change.
- Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust that designate the principal place of administration of the trust are valid and controlling if:
- A trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction;
- A trust director's principal place of business is located in or a trust director is a resident of the designated jurisdiction;
- All or part of the administration occurs in the designated jurisdiction; or
- The trust is duly registered with a court in the designated jurisdiction.
History. Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 168, § 1, effective August 2.
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