Colorado Statutes
§ 15-14-709 — When power of attorney effective
(1)A power of attorney is
effective when executed unless the principal provides in the power of attorney that
it becomes effective at a future date or upon the occurrence of a future event or
contingency.
(2)If a power of attorney becomes effective upon the occurrence of a future
event or contingency, the principal, in the power of attorney, may authorize one or
more persons to determine in a writing or other record that the event or
contingency has occurred.
(3)If a power of attorney becomes effective upon the principal's incapacity
and the principal has not authorized a person to determine whether the principal is
incapacitated, or the person authorized is unable or unwilling to make the
determination, the power of attorney becomes effective upon a determination in a
writi
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Legislative History
Source: L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 388, � 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