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Colo. Rev. Stat. § 15-5-102 Scope
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This code applies to express trusts, charitable or noncharitable, and trusts created pursuant to a statute, judgment, or decree that requires the trust to be administered in the manner of an express trust. This code does not apply to a business trust, a security arrangement, a tr…
Colo. Rev. Stat. § 15-5-103 Definitions
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As used in this article 5, unless the context otherwise requires: (1) "Action", with respect to an act of a trustee, includes a failure to act. (2) "Alternative dispute resolution" means a method of nonjudicial dispute resolution as set forth in the trust instrument, which may in…
Colo. Rev. Stat. § 15-5-104 Knowledge
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(1) Subject to subsection (2) of this section, a person has knowledge of a fact if the person: (a) Has actual knowledge of it; (b) Has received a notice or notification of it; or (c) From all the facts and circumstances known to the person at the time in question, and acting in a…
Colo. Rev. Stat. § 15-5-105 Default and mandatory rules
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(1) Except as otherwise provided in the terms of the trust, this code governs the duties, rights, and powers of a trustee; relations among trustees; the rights, powers, and interests of a beneficiary; the relationship between the trustees and the beneficiaries; the purpose of the…