Colorado Statutes
§ 15-5-506 — Overdue distribution - definition
Colorado § 15-5-506
This text of Colorado § 15-5-506 (Overdue distribution - definition) 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. § 15-5-506 (2026).
Text
(1)In this section, mandatory
distribution means a distribution of income or principal which the trustee is
required to make to a beneficiary under the terms of the trust, including a
distribution upon termination of the trust. The term does not include a distribution
subject to the exercise of the trustee's discretion, even if the discretion is
expressed in the form of a standard of distribution, or the terms of the trust
authorizing a distribution couple language of discretion with language of direction.
(2)Whether or not a trust contains a spendthrift provision, a creditor or
assignee of a beneficiary may reach a mandatory distribution of income or principal,
including a distribution upon termination of the trust, if the trustee has not made
the distribution to the beneficia
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Legislative History
Source: L. 2021: Entire part added, (SB 21-162), ch. 170, p. 943, � 1, effective
September 7.
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 fiduciaryCite This Page — Counsel Stack
Bluebook (online)
Colorado § 15-5-506, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/15/15-5-506.