Colorado § 15-12-913 Distributions to trustee

Colorado Statutes

§ 15-12-913 — Distributions to trustee

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

(1)Before distributing to a trustee, the personal representative may require that the trust be registered if the state in which it is to be administered provides for registration and that the trustee inform the beneficiaries as provided in section 15-5-206.

(2)If the trust instrument does not excuse the trustee from giving bond, the personal representative may petition the appropriate court to require that the trustee post bond if he apprehends that distribution might jeopardize the interests of persons who are not able to protect themselves, and he may withhold distribution until the court has acted.

(3)No inference of negligence on the part of the personal representative shall be drawn from his failure to exercise the authority conferred by subsections

(1)and (2) of this s

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(1) Before distributing to a trustee, the
personal representative may require that the trust be registered if the state in
which it is to be administered provides for registration and that the trustee inform
the beneficiaries as provided in section 15-5-206.

(2) If the trust instrument does not excuse the trustee from giving bond, the
personal representative may petition the appropriate court to require that the
trustee post bond if he apprehends that distribution might jeopardize the interests
of persons who are not able to protect themselves, and he may withhold distribution
until the court has acted.

(3) No inference of negligence on the part of the personal representative
shall be drawn from his failure to exercise the authority conferred by subsections
(1) and (2) of this section.

Colorado § 15-12-913 (Distributions to trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.