§ 38-37-106 — Public trustee to act as successor in trust - additional duties

Colorado § 38-37-106

• Jurisdiction: Colorado
• Title 38: Property -
• Art.: Office of Public Trustee

Text

(1)
It is the duty of all public trustees of the several counties of the state of Colorado
to accept and discharge the duties of trustee or successor trustee in accordance
with the provisions of section 38-34-104 and to accept and discharge those duties
of the public trustee prescribed by sections 38-30-171 (3)(b) and 38-30-173 (3)(b).

(2) Whenever any deed of trust names the wrong public trustee or omits the
name of the county of the public trustee in a deed of trust containing a grant to a
public trustee and a provision for a power of sale, the public trustee of each county
where the property or any portion thereof is located shall act as a successor public
trustee or as if the public trustee and county were named in the deed of trust. A
public trustee so acting shall have all powers, authority, and duties as if originally
named in such deed of trust with respect to the portion of the property located in
such county.

Legislative History

Source: L. 90: Entire article R&RE, p. 1651, � 1, effective October 1. L. 92: (2) amended, p. 2089, � 1, effective July 1. L. 93: (1) amended, p. 865, � 43, effective July 1, 1994. L. 96: (1) amended, p. 1330, � 54, effective June 1. L. 98: (1) amended, p. 628, � 42, effective July 1. L. 2006: (2) amended, p. 1436, � 2, effective July 1.