Colorado § 15-10-108 Acts by holder of general power

Colorado Statutes

§ 15-10-108 — Acts by holder of general power

Colorado·Title 15 Probate,·Art. General Provisions, Definitions,

For the purpose of granting
consent or approval with regard to the acts or accounts of a personal
representative or trustee, including relief from liability or penalty for failure to post
bond, to register a trust, or to perform other duties, and for purposes of consenting
to modification or termination of a trust or to deviation from its terms, the sole
holder or all coholders of a presently exercisable general power of appointment,
including one in the form of a power of amendment or revocation, are deemed to act
for beneficiaries to the extent that their interests (as objects, takers in default, or
otherwise) are subject to the power.

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For the purpose of granting
consent or approval with regard to the acts or accounts of a personal
representative or trustee, including relief from liability or penalty for failure to post
bond, to register a trust, or to perform other duties, and for purposes of consenting
to modification or termination of a trust or to deviation from its terms, the sole
holder or all coholders of a presently exercisable general power of appointment,
including one in the form of a power of amendment or revocation, are deemed to act
for beneficiaries to the extent that their interests (as objects, takers in default, or
otherwise) are subject to the power.

Colorado § 15-10-108 (Acts by holder of general power) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.