Colorado § 15-14-715 Exoneration of agent

Colorado Statutes

§ 15-14-715 — Exoneration of agent

Colorado·Title 15 Probate,·Art. Persons Under Disability - Protection

(1)Provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent the provision:

(a)Relieves the agent of liability for breach of duty committed dishonestly, with an improper motive, or with reckless indifference to the purposes of the power of attorney or the best interest of the principal; or

(b)Was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Provision in a power of attorney
relieving an agent of liability for breach of duty is binding on the principal and the
principal's successors in interest except to the extent the provision:

(a) Relieves the agent of liability for breach of duty committed dishonestly,
with an improper motive, or with reckless indifference to the purposes of the power
of attorney or the best interest of the principal; or

(b) Was inserted as a result of an abuse of a confidential or fiduciary
relationship with the principal.

Colorado § 15-14-715 (Exoneration of agent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.