Colorado § 10-15-109 - Disbursements - excess trust assets.
Full text of Colorado Colorado Revised Statutes § 10-15-109 — Disbursements - excess trust assets., with citation guidance and answers to common questions.
§ 10-15-109. Disbursements - excess trust assets.
At reasonable times, and unless the trustee is notified by the commissioner that the preneed seller is in violation of the provisions of this article or by the contract seller not to disburse trust assets, the trustee shall disburse excess trust assets to the contract seller in accordance with the terms of the preneed contract between the contract buyer and the contract seller. The trustee shall not disburse any excess trust assets until such time as the value of such trust assets exceeds the total of all funds paid by the contract buyers under the preneed contracts. If more than one trust account is used by the contract seller, the aggregate of all trust accounts must exceed the total of all funds paid by all contract buyers before any disbursement by the trustee. It is the obligation and responsibility of the trustee to conduct at least annual valuations of the market value of the assets held in trust, which may include accrued interest.
Source: L. 95: Entire article R&RE, p. 1042, § 1, effective May 25.
Editor's note: This section is similar to former § 10-15-109 as it existed prior to 1995.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-15-109
What does Colorado Revised Statutes § 10-15-109 cover?
Section 10-15-109 ("Disbursements - excess trust assets.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-15-109?
A common citation format is "Colorado Revised Statutes § 10-15-109" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-15-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.