Colorado § 15-5-409 Noncharitable trust without ascertainable beneficiary

Colorado Statutes

§ 15-5-409 — Noncharitable trust without ascertainable beneficiary

Colorado·Title 15 Probate,·Art. Colorado Uniform Trust Code

Subject
to section 15-5-409.5 and except as provided pursuant to sections 38-30-110 to 38-30-112, if a trust is for a specific, lawful, noncharitable purpose or for lawful,
noncharitable purposes to be selected by the trustee, and there is no definite or
definitely ascertainable beneficiary designated, the trust may be performed by the
trustee for twenty-one years but no longer, regardless of whether the terms of
trust contemplate a longer duration.

Free access — add to your briefcase to read the full text and ask questions with AI

Subject
to section 15-5-409.5 and except as provided pursuant to sections 38-30-110 to 38-30-112, if a trust is for a specific, lawful, noncharitable purpose or for lawful,
noncharitable purposes to be selected by the trustee, and there is no definite or
definitely ascertainable beneficiary designated, the trust may be performed by the
trustee for twenty-one years but no longer, regardless of whether the terms of
trust contemplate a longer duration.

Colorado § 15-5-409 (Noncharitable trust without ascertainable beneficiary) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.