Colorado Statutes
§ 15-14-706 — Validity of power of attorney
(1)A power of attorney executed
in this state on or after January 1, 2010, is valid if its execution complies with section
15-14-705.
(2)A power of attorney executed in this state before January 1, 2010, is valid
if its execution complied with the law of this state as it existed at the time of
execution.
(2.5) It shall not be inferred from the portion of the definition of incapacity
in section 15-14-702 (5)(b) that an individual who is either incarcerated in a penal
system or otherwise detained or outside of the United States and unable to return
lacks the capacity to execute a power of attorney as a consequence of such
detention or inability to return.
(3)A power of attorney executed other than in this state is valid in this state
if, when the power of attorney was executed
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Legislative History
Source: L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 386, � 1,
effective April 9.
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