Colorado Statutes
§ 15-14-426 — Delegation
(1)A conservator may not delegate to an agent or
another conservator the entire administration of the estate, but a conservator may
otherwise delegate the performance of functions that a prudent trustee of
comparable skills may delegate under similar circumstances.
(2)The conservator shall exercise reasonable care, skill, and caution in:
(a)Selecting an agent;
(b)Establishing the scope and terms of a delegation, consistent with the
purposes and terms of the conservatorship;
(c)Periodically reviewing an agent's overall performance and compliance
with the terms of the delegation; and
(d)Redressing an action or decision of an agent that would constitute a
breach of trust if performed by the conservator.
(3)A conservator who complies with subsections (1) and (2) of this sect
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Legislative History
Source: L. 2000: Entire part R&RE, p. 1827, � 1, effective January 1, 2001 (see
� 15-17-103).
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