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2021 Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 16 - Trust Administration
Part 8 - Colorado Uniform Directed Trust Act
§ 15-16-811. No Duty to Monitor, Inform, or Advise
Universal Citation: CO Code § 15-16-811 (2021)
- Unless the terms of a trust provide otherwise:
- A trustee does not have a duty to:
- Monitor a trust director; or
- Inform or give advice to a settlor, beneficiary, trustee, or trust director concerning an instance in which the trustee might have acted differently than the director; and
- By taking an action described in subsection (1)(a) of this section, a trustee does not assume a duty excluded by subsection (1)(a) of this section.
- A trustee does not have a duty to:
- Unless the terms of a trust provide otherwise:
- A trust director does not have a duty to:
- Monitor a trustee or another trust director; or
- Inform or give advice to a settlor, beneficiary, trustee, or another trust director concerning an instance in which the director might have acted differently than a trustee or another trust director; and
- By taking an action described in subsection (2)(a) of this section, a trust director does not assume the duty excluded by subsection (2)(a) of this section.
- A trust director does not have a duty to:
- Unless the terms of a trust provide otherwise, section 15-5-1012 does not apply to a trust director.
History. Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 171, § 1, effective August 2.
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