§ 38-30-108.5 — Conveyances to trusts - ownership and transfer of property

Colorado § 38-30-108.5

• Jurisdiction: Colorado
• Title 38: Property -
• Art.: Titles and Interests

Text

(1) A trust may acquire, convey, encumber, lease, or otherwise deal with any
interest in real or personal property in the name of the trust.

(2) In order to evidence the existence of a trust and the authority of one or
more trustees to act on behalf of the trust with respect to an interest in real
property held in the name of the trust, any trustee of the trust may execute and
record with the county clerk and recorder of the county in which the real property is
located, a statement of authority pursuant to section 38-30-172 (2).

(3) The provisions of subsection (1) of this section shall also apply to any
interest in real or personal property that is already in the name of the trust as of
August 8, 2001. Nothing in this section shall be construed to be the exclusive
manner in which title to an interest in real or personal property may be held by or on
behalf of a trust, and title to an interest in real or personal property may be held by
or on behalf of a trust in any other manner permitted by law.

Legislative History

Source: L. 2001: Entire section added, p. 399, � 2, effective August 8.