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Colo. Rev. Stat. § 15-22-101 Short title
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This article shall be known and may be cited as the "Colorado Designated Beneficiary Agreement Act". Source: L. 2009: Entire article added, (HB 09-1260), ch. 107, p. 428, § 1, effective July 1.
Colo. Rev. Stat. § 15-22-102 Legislative declaration
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(1) The general assembly finds and determines that: (a) Not all Coloradans are adequately protected by the provisions of the "Colorado Probate Code", articles 10 to 17 of this title, and other provisions of Colorado law. Current state and federal laws present impediments and disi…
Colo. Rev. Stat. § 15-22-103 Definitions
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As used in this article, unless the context otherwise requires: (1) "Designated beneficiary" means a person who has entered into a designated beneficiary agreement pursuant to this article. (2) "Designated beneficiary agreement" means an agreement that is entered into pursuant to…
Colo. Rev. Stat. § 15-22-104 Requirements for a valid designated beneficiary agreement
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(1) A designated beneficiary agreement shall be legally recognized if: (a) The parties to the designated beneficiary agreement satisfy all of the following criteria: (I) Both are at least eighteen years of age; (II) Both are competent to enter into a contract; (III) Neither party…