§ 15-10-501 — Court powers - definitions - application

Colorado § 15-10-501

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: General Provisions, Definitions,

Text

(1) Court powers. A
court, incident to a court proceeding, possesses and may employ all of the powers
and authority expressed in the provisions of this part 5 to maintain the degree of
supervision necessary to ensure the timely and proper administration of estates by
fiduciaries over whom the court has obtained jurisdiction. Nothing in this part 5
shall be interpreted to limit a court's powers under Colorado law. The powers of a
court as described in this part 5 do not confer jurisdiction over the fiduciaries of
nonsupervised trusts, private trusts, agencies created by powers of attorney, and
custodial accounts created under the Colorado Uniform Transfers to Minors Act,
article 50 of title 11, C.R.S., except as provided in paragraph (c) of subsection (2) of
this section.

(2) Definitions. As used in this part 5, unless the context otherwise requires:

(a) Court means a district court of Colorado and the probate court of the
city and county of Denver.

(b) Estate means the estate of a decedent; a guardianship; a protective
proceeding; a trust, including an implied trust; an agency created by a power of
attorney; or a custodial account created under the Colorado Uniform Transfers to
Minors Act, article 50 of title 11, C.R.S.

(c) Jurisdiction means, and is restricted to, the personal jurisdiction
obtained by a court over a fiduciary as a result of the filing of a proceeding
concerning the estate. The filing of a trust registration statement, by itself, shall
not constitute a proceeding for the purposes of this part 5.

(3) Application. The provisions of this part 5 apply to any fiduciary over
whom a court has obtained jurisdiction, including but not limited to a personal
representative, special administrator, guardian, conservator, special conservator,
trustee, trust director, agent under a power of attorney, and custodian, including a
custodian of assets or accounts created under the Colorado Uniform Transfers to
Minors Act, article 50 of title 11.

Legislative History

Source: L. 2008: Entire part added, p. 477, � 1, effective July 1. L. 2019: (3) amended, (SB 19-105), ch. 51, p. 175, � 10, effective August 2.