Colorado § 15-5-702 Trustee's bond

Colorado Statutes

§ 15-5-702 — Trustee's bond

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

(1)A trustee shall give bond to secure performance of the trustee's duties only if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.

(2)The court may specify the amount of a bond, its liabilities, and whether sureties are necessary. The court may modify or terminate a bond at any time.

(3)Unless otherwise directed by the court or the terms of the trust, the cost of a bond is charged to the trust.

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(1) A trustee shall give bond to secure
performance of the trustee's duties only if the court finds that a bond is needed to
protect the interests of the beneficiaries or is required by the terms of the trust and
the court has not dispensed with the requirement.

(2) The court may specify the amount of a bond, its liabilities, and whether
sureties are necessary. The court may modify or terminate a bond at any time.

(3) Unless otherwise directed by the court or the terms of the trust, the cost
of a bond is charged to the trust.

Colorado § 15-5-702 (Trustee's bond) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.