Colorado § 15-1.1-115 - Colorado changes to uniform act - specific statutes control - use of term "trustee".

§ 15-1.1-115. Colorado changes to uniform act - specific statutes control - use of term "trustee".

(1) (a) The general assembly recognizes that persons, corporations, entities, or state agencies who have responsibility for investing funds may be subject to a standard that is specifically set forth in other statutes. Under such circumstances, such persons, corporations, entities, or state agencies shall comply with the standard of investment set forth in the other statute, and this article shall not modify or repeal that standard.

(b) In addition, as provided for in section 15-1-304.1, this article shall not apply to those persons, corporations, entities, or state agencies which were made subject to the provisions of section 15-1-304 by specific reference in another statute in existence prior to July 1, 1995.

(2) As used in this article, "trustee" includes original or successor administrators, special administrators, administrators cum testamento annexo, executors, guardians, conservators, and trustees, whether of express or implied trusts.

Source: L. 95: Entire article added, p. 312, § 1, effective July 1.

15-1.2 ARTICLE 1.2

Uniform Fiduciary Income and Principal Act

PART 1

GENERAL PROVISIONS

15-1.2-101. Short title.

15-1.2-102. Definitions.

15-1.2-103. Scope.

15-1.2-104. Governing law.

PART 2

FIDUCIARY DUTIES AND JUDICIAL REVIEW

15-1.2-201. Fiduciary duties - general principles.

15-1.2-202. Judicial review of exercise of discretionary power - definition.

15-1.2-203. Fiduciary's power to adjust.

15-1.2-204. Notice of action - definitions.

PART 3

UNITRUST

15-1.2-301. Definitions.

15-1.2-302. Application - duties and remedies.

15-1.2-303. Authority of fiduciary.

15-1.2-304. Notice.

15-1.2-305. Unitrust policy.

15-1.2-306. Unitrust rate.

15-1.2-307. Applicable value.

15-1.2-308. Period.

15-1.2-309. Special tax benefits - rules.

PART 4

ALLOCATION OF RECEIPTS

15-1.2-401. Character of receipts from entity - definitions.

15-1.2-402. Distribution from trust or estate.

15-1.2-403. Business of other activity conducted by fiduciary.

15-1.2-404. Principal receipts.

15-1.2-405. Rental property.

15-1.2-406. Receipt on obligation to be paid in money.

15-1.2-407. Insurance policy or contract.

15-1.2-408. Insubstantial allocation not required.

15-1.2-409. Deferred compensation, annuity, or similar payment - definitions.

15-1.2-410. Liquidating asset - definition.

15-1.2-411. Minerals, water, and other natural resources.

15-1.2-412. Timber.

15-1.2-413. Marital deduction property not productive of income.

15-1.2-414. Derivative or option - definition.

15-1.2-415. Asset-backed security.

15-1.2-416. Other financial instrument or arrangement.

PART 5

ALLOCATION OF DISBURSEMENTS

15-1.2-501. Disbursement from income.

15-1.2-502. Disbursement from principal.

15-1.2-503. Transfer from income to principal for depreciation - definition.

15-1.2-504. Reimbursement of income from principal.

15-1.2-505. Reimbursement of principal from income.

15-1.2-506. Income taxes.

15-1.2-507. Adjustment between income and principal because of taxes.

PART 6

DEATH OF INDIVIDUAL OR TERMINATION OF INCOME INTEREST

15-1.2-601. Determination and distribution of net income.

15-1.2-602. Distribution to successor beneficiary.

PART 7

APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST

15-1.2-701. When right to income begins and ends.

15-1.2-702. Apportionment of receipts and disbursements when decedent dies or income interest begins.

15-1.2-703. Apportionment when income interest ends - definition.

PART 8

MISCELLANEOUS PROVISIONS

15-1.2-801. Uniformity of application and construction.

15-1.2-802. Relation to electronic signatures in global and national commerce act.

15-1.2-803. Application to trust or estate.

15-1.2-804. Severability.

PART 1

GENERAL PROVISIONS