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0 chapters · 1,078 sections in this title.
Colo. Rev. Stat. § 15-1.1-101 Prudent investor rule
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(a) Except as otherwise provided in subsection (b) of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this article. (b) The prudent investor rule, a default rule, may …
Colo. Rev. Stat. § 15-1.1-102 Standard of care - portfolio strategy - risk and return objectives
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(a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution. (b) A …
Colo. Rev. Stat. § 15-1.1-103 Diversification
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A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying. Source: L. 95: Entire article added, p. 310, § 1, effective July 1. OFFICIAL C…
Colo. Rev. Stat. § 15-1.1-104 Duties at inception of trusteeship
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Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, …