Colorado § 15-5-810 Record keeping and identification of trust property

Colorado Statutes

§ 15-5-810 — Record keeping and identification of trust property

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

(1)A trustee shall keep adequate records of the administration of the trust.

(2)A trustee shall keep trust property separate from the trustee's own property.

(3)(a) Except as otherwise provided in subsection (4) of this section, a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.

(b)Nothing in subsection (3)(a) of this section may be construed as preventing a trustee from holding a property in the name of a nominee or other form, without disclosure of the trust, as authorized in section 15-5-816 (1)(g)(II) and in section 15-1-804 (2)(o), provided the trustee maintains adequate records of all trust property so held.

(c)This subsecti

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(1) A trustee
shall keep adequate records of the administration of the trust.

(2) A trustee shall keep trust property separate from the trustee's own
property.

(3) (a) Except as otherwise provided in subsection (4) of this section, a
trustee shall cause the trust property to be designated so that the interest of the
trust, to the extent feasible, appears in records maintained by a party other than a
trustee or beneficiary.

(b) Nothing in subsection (3)(a) of this section may be construed as
preventing a trustee from holding a property in the name of a nominee or other
form, without disclosure of the trust, as authorized in section 15-5-816 (1)(g)(II) and
in section 15-1-804 (2)(o), provided the trustee maintains adequate records of all
trust property so held.

(c) This subsection (3) does not apply to tangible personal property other
than motor vehicles, airplanes, and other property the title of which is registered
with a governmental authority.

(4) If the trustee maintains records clearly indicating the respective
interests, a trustee may invest as a whole the property of two or more separate
trusts.

Colorado § 15-5-810 (Record keeping and identification of trust property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.