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2021 Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 16 - Trust Administration
Part 8 - Colorado Uniform Directed Trust Act
§ 15-16-816. Office of Trust Director
Universal Citation: CO Code § 15-16-816 (2021)
- Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:
- Acceptance under section 15-5-701;
- Giving of bond to secure performance under section 15-5-702;
- Reasonable compensation under sections 15-5-1004, 15-10-501 (3), and 15-10-601;
- Resignation under section 15-5-705;
- Removal under section 15-5-706;
- Vacancy and appointment of successor under section 15-5-704; and
- The right to petition the court for instructions under section 15-5-201 (3).
History. Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 173, § 1, effective August 2.
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