Colorado § 15-16-904 Fiduciary duty

Colorado Statutes

§ 15-16-904 — Fiduciary duty

Colorado·Title 15 Probate,·Art. Trust Administration

(1)In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.

(2)This part 9 does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this part 9.

(3)Except as otherwise provided in a first-trust instrument, for purposes of this part 9 the terms of the first trust are deemed to include the decanting power.

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(1) In exercising the decanting power, an
authorized fiduciary shall act in accordance with its fiduciary duties, including the
duty to act in accordance with the purposes of the first trust.

(2) This part 9 does not create or imply a duty to exercise the decanting
power or to inform beneficiaries about the applicability of this part 9.

(3) Except as otherwise provided in a first-trust instrument, for purposes of
this part 9 the terms of the first trust are deemed to include the decanting power.

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