Colorado § 15-12-915 Distribution to person under disability

Colorado Statutes

§ 15-12-915 — Distribution to person under disability

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

(1)A personal representative or trustee may discharge his obligation to distribute to any person under legal disability:

(a)By distributing to his conservator; or

(b)By distributing to any person authorized by law to give a valid receipt and discharge for the distribution; or

(c)The court may authorize distribution to a parent or relative of or a person having the custody and being responsible for the care of the person under disability for such person's use or benefit, subject to such terms and conditions as the court shall direct and approve; or

(d)By distributing in any way authorized by the terms of the will or trust instrument or by the Colorado Uniform Transfers to Minors Act, article 50 of title 11, C.R.S.; but, in making any such distribution, the personal represen

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(1) A personal
representative or trustee may discharge his obligation to distribute to any person
under legal disability:

(a) By distributing to his conservator; or

(b) By distributing to any person authorized by law to give a valid receipt and
discharge for the distribution; or

(c) The court may authorize distribution to a parent or relative of or a person
having the custody and being responsible for the care of the person under disability
for such person's use or benefit, subject to such terms and conditions as the court
shall direct and approve; or

(d) By distributing in any way authorized by the terms of the will or trust
instrument or by the Colorado Uniform Transfers to Minors Act, article 50 of title
11, C.R.S.; but, in making any such distribution, the personal representative or
trustee has a duty to act as a prudent man with due regard to the obligations of a
fiduciary.

Colorado § 15-12-915 (Distribution to person under disability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 73: R&RE, p. 1601, � 1. C.R.S. 1963: � 153-3-915. L. 81: (1)(d) amended, p. 915, � 9, effective July 1. L. 84: (1)(d) amended, p. 394, � 7, effective July 1.