§ 11-50-115 — Use of custodial property

Colorado § 11-50-115

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Colorado Uniform Transfers to Minors Act

Text

(1) A custodian may deliver or pay to
the minor or expend for the minor's benefit so much of the custodial property as the
custodian considers advisable for the use and benefit of the minor, without court
order and without regard to:

(a) The duty or ability of the custodian personally or of any other person to
support the minor; or

(b) Any other income or property of the minor which may be applicable or
available for that purpose.

(2) On petition of an interested person or the minor if the minor has attained
the age of fourteen years, the court may order the custodian to deliver or pay to the
minor or expend for the minor's benefit so much of the custodial property as the
court considers advisable for the use and benefit of the minor.

(3) A delivery, payment, or expenditure under this section is in addition to,
not in substitution for, and does not affect any obligation of a person to support the
minor.

Legislative History

Source: L. 84: Entire article R&RE, p. 389, � 1, effective July 1.