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Colo. Rev. Stat. § 15-5-403 Trusts created in other jurisdictions
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(1) A trust not created by a will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed, or the law of the jurisdiction in which, at the time of creation: (a) The settlor was domiciled, had a place of abode, or was…
Colo. Rev. Stat. § 15-5-404 Trust purposes
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A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective Janu…
Colo. Rev. Stat. § 15-5-405 Charitable purposes - enforcement
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(1) A charitable trust may be created for the relief of poverty; the advancement of education or religion; the promotion of health, governmental, or municipal purposes; or other purposes the achievement of which is beneficial to the community. (2) If the terms of a charitable tru…
Colo. Rev. Stat. § 15-5-406 Creation of trust induced by fraud, duress, or undue influence
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A trust is void to the extent its creation was induced by fraud, duress, or undue influence. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective January 1, 2019.