Colorado § 15-1.5-119 Applicable law

Colorado Statutes

§ 15-1.5-119 — Applicable law

Colorado § 15-1.5-119

Title 15Probate,

Art.Colorado Uniform Custodial Trust Act

This text of Colorado § 15-1.5-119 (Applicable law) 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. § 15-1.5-119 (2026).

Text

(1)This article applies to a transfer or declaration creating a custodial trust that refers to this article if, at the time of the transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident of or has its principal place of business in this state or custodial trust property is located in this state. The custodial trust remains subject to this article despite a later change in residence or principal place of business of the transferor, beneficiary, or custodial trustee, or removal of the custodial trust property from this state.

(2)A transfer made pursuant to an act of another state substantially similar to this article is governed by the law of that state and may be enforced in this state.

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(1) This article applies to a transfer or
declaration creating a custodial trust that refers to this article if, at the time of the
transfer or declaration, the transferor, beneficiary, or custodial trustee is a resident
of or has its principal place of business in this state or custodial trust property is
located in this state. The custodial trust remains subject to this article despite a
later change in residence or principal place of business of the transferor,
beneficiary, or custodial trustee, or removal of the custodial trust property from this
state.

(2) A transfer made pursuant to an act of another state substantially similar
to this article is governed by the law of that state and may be enforced in this state.