Colorado Statutes

§ 15-15-205 — Designation of agent

Colorado·Title 15 Probate,·Art. Nonprobate Transfers on Death
(1)By a writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a party.
(2)Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the agent's authority survives disability and incapacity. The agent may act for a disabled or incapacitated party until the authority of the agent is terminated.
(3)Death of the sole party or last surviving party terminates the authority of an agent.

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Legislative History

Source: L. 90: Entire article R&RE, p. 912, � 1, effective July 1.

Nearby Sections

15
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