Colorado Statutes
§ 10-15-110 — Discharge of preneed contract - disbursements by trustees
(1)Before disbursing any trust assets to discharge a preneed contract, the trustee
shall determine that the amount of assets to be released does not exceed the funds
trusted.
(2)If a preneed contract is canceled by the contract buyer or the contract
buyer's heirs, assigns, or duly authorized representatives, the trustee shall require a
copy of the signed cancellation request before releasing trust assets.
(3)If a preneed contract is canceled by the contract seller due to a default
by the contract buyer, the trustee shall require an affidavit from an officer or owner
of the contract seller setting forth such default before releasing funds.
(4)If a preneed contract is performed by the contract seller, the trustee
shall require an affidavit from an officer or owner of the cont
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Colorado § 10-15-110 (Discharge of preneed contract - disbursements by trustees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: L. 95: Entire article R&RE, p. 1042, � 1, effective May 25.
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