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Colo. Rev. Stat. § 15-5-816 Specific powers of trustee
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(1) Without limiting the authority conferred by section 15-5-815, and in addition to the powers conferred pursuant to the "Colorado Fiduciaries' Powers Act", part 8 of article 1 of this title 15, a trustee may: (a) Collect trust property and accept or reject additions to the trus…
Colo. Rev. Stat. § 15-5-817 Distribution on termination
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(1) Upon termination or partial termination of a trust, the trustee may send to the beneficiaries a proposal for distribution. The right of any beneficiary to object to the proposed distribution terminates if the beneficiary does not notify the trustee of an objection within thir…
Colo. Rev. Stat. § 15-5-818 Reimbursement for taxes - definitions
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(1) As used in this section: (a) "Independent trustee" means a trustee who is not related or subordinate to the settlor within the meaning of section 672 (c) of the federal "Internal Revenue Code of 1986", as amended. (b) "Settlor" means the grantor or another person treated as t…