Colorado § 15-12-712 Improper exercise of power - breach of fiduciary duty

Colorado Statutes

§ 15-12-712 — Improper exercise of power - breach of fiduciary duty

Colorado·Title 15 Probate,·Art. Probate of Wills and Administration

If the
exercise of power concerning the estate is improper, the personal representative is
subject to the provisions of section 15-10-504 and is liable to interested persons for
damage or loss resulting from breach of his or her fiduciary duty to the same extent
as a trustee of an express trust. The rights of purchasers and others dealing with a
personal representative shall be determined as provided in sections 15-12-713 and
15-12-714.

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If the
exercise of power concerning the estate is improper, the personal representative is
subject to the provisions of section 15-10-504 and is liable to interested persons for
damage or loss resulting from breach of his or her fiduciary duty to the same extent
as a trustee of an express trust. The rights of purchasers and others dealing with a
personal representative shall be determined as provided in sections 15-12-713 and
15-12-714.

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