Colorado Statutes
§ 15-16-906 — Reasonable reliance
A trustee or other person that reasonably
relies on the validity of a distribution of part or all of the property of a trust to
another trust, or a modification of a trust, under this part 9, law of this state other
than this part 9, or the law of another jurisdiction is not liable to any person for any
action or failure to act as a result of the reliance.
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Legislative History
Source: L. 2016: Entire part added, (SB 16-085), ch. 228, p. 874, � 1, effective
August 10.
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