Event affecting administration or distribution

Colo. Rev. Stat. § 15-5-1007, under Probate, Trusts, and Fiduciaries.

Colo. Rev. Stat. § 15-5-1007

If the happening of an event, including marriage, divorce, performance of educational requirements, or death, affects the administration or distribution of a trust, a trustee who has exercised reasonable care to ascertain the happening of the event is not liable for a loss resulting from the trustee's lack of knowledge.

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1185, � 1, effective January 1, 2019.