Colorado Statutes
§ 15-11-1107 — Uniformity of application and construction
(1)This part 11 shall
be applied and construed to effectuate its general purpose to make uniform the law
with respect to the subject of this part 11 among states enacting the Uniform
Statutory Rule Against Perpetuities Act. With respect to any matter relating to the
validity of an interest within the rule against perpetuities, unless a contrary intent
appears, it shall be presumed that the transferor of the interest intended that the
interest be valid.
(2)This part 11 supersedes and abolishes the rule of the common law known
as the rule against perpetuities for nonvested interests created after May 31, 1991.
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Legislative History
Source: L. 91: Entire part added, p. 1448, � 9, effective May 31. L. 2006: (2)
amended, p. 382, � 14, effective July 1.
Nearby Sections
15
§ 15-1-1001
Legislative declaration§ 15-1-1006
References to Internal Revenue Code of 1954§ 15-1-1007
Application of part 10§ 15-1-101
Short title§ 15-1-102
Legislative declaration§ 15-1-103
Definitions§ 15-1-104
Prior transactions§ 15-1-105
Application of payments to fiduciary§ 15-1-109
Deposit in name of fiduciary