0 chapters · 1,078 sections in this title.
Colo. Rev. Stat. § 15-16-915 Trust limitation on decanting
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(1) An authorized fiduciary may not exercise the decanting power to the extent the first-trust instrument expressly prohibits exercise of: (a) The decanting power; or (b) A power granted by state law to the fiduciary to distribute part or all of the principal of the trust to anot…
Colo. Rev. Stat. § 15-16-916 Change in compensation
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(1) If a first-trust instrument specifies an authorized fiduciary's compensation, the fiduciary may not exercise the decanting power to increase the fiduciary's compensation above the specified compensation unless: (a) All qualified beneficiaries of the second trust consent to th…
Colo. Rev. Stat. § 15-16-917 Relief from liability and indemnification
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(1) Except as otherwise provided in this section, a second-trust instrument may not relieve an authorized fiduciary from liability for breach of trust to a greater extent than the first-trust instrument. (2) A second-trust instrument may provide for indemnification of an authoriz…
Colo. Rev. Stat. § 15-16-918 Removal or replacement of authorized fiduciary
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(1) An authorized fiduciary may not exercise the decanting power to modify a provision in a first-trust instrument granting another person power to remove or replace the fiduciary unless: (a) The person holding the power consents to the modification in a signed record and the mod…