Colorado Statutes
§ 15-16-813 — Limitations of action against trust director
(1)An action against
a trust director for breach of trust must be commenced within the same limitations
period as an action against a trustee for a similar breach of trust as prescribed by
section 15-5-1005.
(2)A report or accounting has the same effect on the limitations period for
an action against the director that the report or accounting would have if the
director were a trustee as prescribed by section 15-5-1005.
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Legislative History
Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 172, � 1, effective
August 2.
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