§ 15-16-803 — Application - principal place of administration

Colorado § 15-16-803

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: Trust Administration

Text

(1) This part 8
applies to a trust, whenever created, that has its principal place of administration in
this state, subject to the following rules:

(a) If the trust was created before August 2, 2019, this part 8, as amended in
2019, applies only to a decision or action occurring on or after August 2, 2019.

(b) If the principal place of administration of the trust is changed to this
state on or after August 2, 2019, this part 8 applies only to a decision or action
occurring on or after the date of the change.

(2) Without precluding other means to establish a sufficient connection with
the designated jurisdiction in a directed trust, terms of the trust that designate the
principal place of administration of the trust are valid and controlling if:

(a) A trustee's principal place of business is located in or a trustee is a
resident of the designated jurisdiction;

(b) A trust director's principal place of business is located in or a trust
director is a resident of the designated jurisdiction;

(c) All or part of the administration occurs in the designated jurisdiction; or

(d) The trust is duly registered with a court in the designated jurisdiction.

Legislative History

Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 168, � 1, effective August 2.