Colorado § 15-1-304 Standard for investments

Colorado Statutes

§ 15-1-304 — Standard for investments

Colorado § 15-1-304

Title 15Probate,

Art.Fiduciary

This text of Colorado § 15-1-304 (Standard for investments) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 15-1-304 (2026).

Text

In acquiring, investing, reinvesting,
exchanging, retaining, selling, and managing property for the benefit of others,
fiduciaries shall be required to have in mind the responsibilities which are attached
to such offices and the size, nature, and needs of the estates entrusted to their care
and shall exercise the judgment and care, under the circumstances then prevailing,
which men of prudence, discretion, and intelligence exercise in the management of
the property of another, not in regard to speculation but in regard to the permanent
disposition of funds, considering the probable income as well as the probable
safety of capital. Within the limitations of the foregoing standard, fiduciaries are
authorized to acquire and retain every kind of property, real, personal, and mixed,
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In acquiring, investing, reinvesting,
exchanging, retaining, selling, and managing property for the benefit of others,
fiduciaries shall be required to have in mind the responsibilities which are attached
to such offices and the size, nature, and needs of the estates entrusted to their care
and shall exercise the judgment and care, under the circumstances then prevailing,
which men of prudence, discretion, and intelligence exercise in the management of
the property of another, not in regard to speculation but in regard to the permanent
disposition of funds, considering the probable income as well as the probable
safety of capital. Within the limitations of the foregoing standard, fiduciaries are
authorized to acquire and retain every kind of property, real, personal, and mixed,
and every kind of investment, specifically including, but not by way of limitation,
bonds, debentures, and other corporate obligations, stocks, preferred or common,
securities of any open-end or closed-end management type investment company or
investment trust, and participations in common trust funds, which men of prudence,
discretion, and intelligence would acquire or retain for the account of another.

Legislative History

Source: L. 51: p. 840, � 1. CSA: C. 176, � 126(5). CRS 53: � 57-3-1. C.R.S. 1963: � 57-3-1. L. 75: Entire section amended, p. 588, � 6, effective July 1.