Colorado § 15-1.5-114 Expenses, compensation, and bond of custodial trustee

Colorado Statutes

§ 15-1.5-114 — Expenses, compensation, and bond of custodial trustee

Colorado § 15-1.5-114

Title 15Probate,

Art.Colorado Uniform Custodial Trust Act

This text of Colorado § 15-1.5-114 (Expenses, compensation, and bond of custodial trustee) 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. § 15-1.5-114 (2026).

Text

(1)Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:

(a)Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;

(b)Has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and

(c)Need not furnish a bond or other security for the faithful performance of fiduciary duties.

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(1)
Except as otherwise provided in the instrument creating the custodial trust, in an
agreement with the beneficiary, or by court order, a custodial trustee:

(a) Is entitled to reimbursement from custodial trust property for reasonable
expenses incurred in the performance of fiduciary services;

(b) Has a noncumulative election, to be made no later than six months after
the end of each calendar year, to charge a reasonable compensation for fiduciary
services performed during that year; and

(c) Need not furnish a bond or other security for the faithful performance of
fiduciary duties.