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2022 Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 10 - General Provisions, Definitions, Jurisdiction
Part 1 - Short Title, Construction, General Provisions
§ 15-10-108. Acts by Holder of General Power
Universal Citation: CO Code § 15-10-108 (2022)
For the purpose of granting consent or approval with regard to the acts or accounts of a personal representative or trustee, including relief from liability or penalty for failure to post bond, to register a trust, or to perform other duties, and for purposes of consenting to modification or termination of a trust or to deviation from its terms, the sole holder or all coholders of a presently exercisable general power of appointment, including one in the form of a power of amendment or revocation, are deemed to act for beneficiaries to the extent that their interests (as objects, takers in default, or otherwise) are subject to the power.
Source: L. 73: R&RE, p. 1540, § 1. C.R.S. 1963: § 153-1-108.
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