Colorado § 15-2.5-205 Rules of classification - definitions

Colorado Statutes

§ 15-2.5-205 — Rules of classification - definitions

Colorado § 15-2.5-205

Title 15Probate,

Art.Uniform Powers of Appointment Act

This text of Colorado § 15-2.5-205 (Rules of classification - definitions) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 15-2.5-205 (2026).

Text

(1)In this section, adverse party means a person with a substantial beneficial interest in property, which interest would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

(2)If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.

(3)If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.

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(1) In this section, adverse
party means a person with a substantial beneficial interest in property, which
interest would be affected adversely by a powerholder's exercise or nonexercise of
a power of appointment in favor of the powerholder, the powerholder's estate, a
creditor of the powerholder, or a creditor of the powerholder's estate.

(2) If a powerholder may exercise a power of appointment only with the
consent or joinder of an adverse party, the power is nongeneral.

(3) If the permissible appointees of a power of appointment are not defined
and limited, the power is exclusionary.