Colorado § 15-1.1-107 - Investment costs.
Full text of Colorado Colorado Revised Statutes § 15-1.1-107 — Investment costs., with citation guidance and answers to common questions.
§ 15-1.1-107. Investment costs.
In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Source: L. 95: Entire article added, p. 311, § 1, effective July 1.
OFFICIAL COMMENT
Wasting beneficiaries' money is imprudent. In devising and implementing strategies for the investment and management of trust assets, trustees are obliged to minimize costs.
The language of Section 7 derives from Restatement of Trusts 2d § 188 (1959). The Restatement of Trusts 3d says: "Concerns over compensation and other charges are not an obstacle to a reasonable course of action using mutual funds and other pooling arrangements, but they do require special attention by a trustee. . . . [I]t is important for trustees to make careful cost comparisons, particularly among similar products of a specific type being considered for a trust portfolio." Restatement of Trusts 3d: Prudent Investor Rule § 227, comment m, at 58 (1992).
ANNOTATION
Law reviews. For article, "Class Action Liability for Trustees after Banks v. Northern Trust", see 50 Colo. Law. 38 (Dec. 2021).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 15-1.1-107
What does Colorado Revised Statutes § 15-1.1-107 cover?
Section 15-1.1-107 ("Investment costs.") 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 § 15-1.1-107?
A common citation format is "Colorado Revised Statutes § 15-1.1-107" (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 § 15-1.1-107 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.