Colorado § 10-15-110 - Discharge of preneed contract - disbursements by trustees.
Full text of Colorado Colorado Revised Statutes § 10-15-110 — Discharge of preneed contract - disbursements by trustees., with citation guidance and answers to common questions.
§ 10-15-110. Discharge of preneed contract - disbursements by trustees.
(1) Before disbursing any trust assets to discharge a preneed contract, the trustee shall determine that the amount of assets to be released does not exceed the funds trusted.
(2) If a preneed contract is canceled by the contract buyer or the contract buyer's heirs, assigns, or duly authorized representatives, the trustee shall require a copy of the signed cancellation request before releasing trust assets.
(3) If a preneed contract is canceled by the contract seller due to a default by the contract buyer, the trustee shall require an affidavit from an officer or owner of the contract seller setting forth such default before releasing funds.
(4) If a preneed contract is performed by the contract seller, the trustee shall require an affidavit from an officer or owner of the contract seller setting forth such performance before releasing funds.
Source: L. 95: Entire article R&RE, p. 1042, § 1, effective May 25.
Editor's note: This section is similar to former § 10-15-110 as it existed prior to 1995.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-15-110
What does Colorado Revised Statutes § 10-15-110 cover?
Section 10-15-110 ("Discharge of preneed contract - disbursements by trustees.") 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 § 10-15-110?
A common citation format is "Colorado Revised Statutes § 10-15-110" (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 § 10-15-110 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.