Colorado § 15-1.5-101 Definitions

Colorado Statutes

§ 15-1.5-101 — Definitions

Colorado § 15-1.5-101

Title 15Probate,

Art.Colorado Uniform Custodial Trust Act

This text of Colorado § 15-1.5-101 (Definitions) 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. § 15-1.5-101 (2026).

Text

As used in this article 1.5:

(1)Adult means an individual who is at least eighteen years of age.

(2)Beneficiary means an individual for whom property has been transferred to or held under a declaration of trust by a custodial trustee for the individual's use and benefit under this article.

(3)Conservator means a person appointed or qualified by a court to manage the estate of an individual or a person legally authorized to perform substantially the same functions.

(4)Court means the district courts of this state, except in the city and county of Denver, where it means the probate court.

(5)Custodial trust property means an interest in property transferred to or held under a declaration of trust by a custodial trustee under this article and the income from and proceeds of t

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As used in this article 1.5:

(1) Adult means an individual who is at least eighteen years of age.

(2) Beneficiary means an individual for whom property has been
transferred to or held under a declaration of trust by a custodial trustee for the
individual's use and benefit under this article.

(3) Conservator means a person appointed or qualified by a court to
manage the estate of an individual or a person legally authorized to perform
substantially the same functions.

(4) Court means the district courts of this state, except in the city and
county of Denver, where it means the probate court.

(5) Custodial trust property means an interest in property transferred to or
held under a declaration of trust by a custodial trustee under this article and the
income from and proceeds of that interest.

(6) Custodial trustee means a person designated as trustee of a custodial
trust under this article or a substitute or successor to the person designated.

(7) Guardian means a person appointed or qualified by a court as a
guardian of an individual, including a limited guardian, but not a person who is only
a guardian ad litem.

(8) Incapacitated means lacking the ability to manage property and
business affairs effectively by reason of a behavioral or mental health disorder, an
intellectual and developmental disability, a physical illness or disability, a
substance use disorder, confinement, detention by a foreign power, disappearance,
minority, or other disabling cause.

(9) Legal representative means a personal representative or conservator.

(10) Member of the beneficiary's family means a beneficiary's spouse,
descendant, stepchild, parent, stepparent, grandparent, brother, sister, uncle, or
aunt, whether related by whole or half blood or by adoption.

(11) Person means an individual, corporation, business trust, estate, trust,
partnership, joint venture, association, or any other legal or commercial entity.

(12) Personal representative means an executor, administrator, or special
administrator of a decedent's estate, a person legally authorized to perform
substantially the same functions, or a successor to any of them.

(13) State means a state, territory, or possession of the United States, the
District of Columbia, or the Commonwealth of Puerto Rico.

(14) Transferor means a person who creates a custodial trust by transfer or
declaration.

(15) Trust company means a financial institution, corporation, or other legal
entity authorized to exercise general trust powers.

Legislative History

Source: L. 99: Entire article added, p. 1211, � 1, effective August 4. L. 2017: IP and (8) amended, (HB 17-1046), ch. 50, p. 157, � 7, effective March 16; (8) amended, (SB 17-242), ch. 263, p. 1295, � 115, effective May 25.