Colorado Statutes
§ 38-33.3-318 — Association as trustee
Colorado § 38-33.3-318
This text of Colorado § 38-33.3-318 (Association as 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. § 38-33.3-318 (2026).
Text
With respect to a third person dealing
with the association in the association's capacity as a trustee, the existence of trust
powers and their proper exercise by the association may be assumed without
inquiry. A third person is not bound to inquire whether the association has the power
to act as trustee or is properly exercising trust powers. A third person, without
actual knowledge that the association is exceeding or improperly exercising its
powers, is fully protected in dealing with the association as if it possessed and
properly exercised the powers it purports to exercise. A third person is not bound to
assure the proper application of trust assets paid or delivered to the association in
its capacity as trustee.
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Legislative History
Source: L. 91: Entire article added, p. 1756, � 1, effective July 1, 1992.
Nearby Sections
15
§ 38-1-101.5
Necessity of taking land for pipelines§ 38-1-101.7
Limitations on the use of right-of-way§ 38-1-102
Petition - contents - parties§ 38-1-103
Summons - return - publication§ 38-1-104
Trial - amendments - rules§ 38-1-106
Jury§ 38-1-108
Order of possession§ 38-1-109
Intervention - cross petition§ 38-1-110
Appellate review§ 38-1-111
Possession pending appeal§ 38-1-112
Payment to clerk or owner§ 38-1-113
Verdict recorded§ 38-1-115
Contents of report or verdictCite This Page — Counsel Stack
Bluebook (online)
Colorado § 38-33.3-318, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/38/38-33.3-318.