Unless restricted by the court, a supervised personal representative has, without interim orders approving exercise of a power, all powers of personal representatives under this code, but he shall not exercise his power to transfer, surrender, or release estate assets to a distributee without prior order of the court. Any other restriction on the power of a personal representative which may be ordered by the court must be endorsed on his letters of appointment and, unless so endorsed, is ineffective as to persons dealing in good faith with the personal representative.
Source: L. 73: R&RE, p. 1579, � 1. C.R.S. 1963: � 153-3-504. L. 75: Entire section amended, p. 595, � 25, effective July 1.
15-12-505. Supervised administration - interim orders - distribution and closing orders. Unless otherwise ordered by the court, supervised administration is terminated by order in accordance with time restrictions, notices, and contents of orders prescribed for proceedings under section 15-12-1001. Interim orders approving or directing partial distributions or granting other relief may be issued by the court at any time during the pendency of a supervised administration on the application of the personal representative or any interested person.
Source: L. 73: R&RE, p. 1580, � 1. C.R.S. 1963: � 153-3-505.