Reliance on trust instrument

Colo. Rev. Stat. § 15-5-1006, under LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEES.

Colo. Rev. Stat. § 15-5-1006

A trustee who acts in reasonable reliance on the terms of the trust is not liable to a beneficiary for a breach of trust to the extent the breach resulted from the reliance.

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