Colorado § 15-5-705 Resignation of trustee

Colorado Statutes

§ 15-5-705 — Resignation of trustee

Colorado § 15-5-705

Title 15Probate,

Art.Colorado Uniform Trust Code

This text of Colorado § 15-5-705 (Resignation of trustee) 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. § 15-5-705 (2026).

Text

(1)A trustee may resign:

(a)Upon at least thirty days' notice to the qualified beneficiaries; the settlor, if living; and all cotrustees; or

(b)With the approval of the court.

(2)In approving a resignation pursuant to this section, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

(3)Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.

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(1) A trustee may resign:

(a) Upon at least thirty days' notice to the qualified beneficiaries; the settlor,
if living; and all cotrustees; or

(b) With the approval of the court.

(2) In approving a resignation pursuant to this section, the court may issue
orders and impose conditions reasonably necessary for the protection of the trust
property.

(3) Any liability of a resigning trustee or of any sureties on the trustee's bond
for acts or omissions of the trustee is not discharged or affected by the trustee's
resignation.