Colorado § 15-1.5-108 - General powers of custodial trustee.
Full text of Colorado Colorado Revised Statutes § 15-1.5-108 — General powers of custodial trustee., with citation guidance and answers to common questions.
§ 15-1.5-108. General powers of custodial trustee.
(1) A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property which an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
(2) This section does not relieve a custodial trustee from liability for a violation of section 15-1.5-107.
Source: L. 99: Entire article added, p. 1216, § 1, effective August 4.
OFFICIAL COMMENT
This section is taken from Section 13 of UTMA. It grants the trustee very broad powers over the property, subject, however, to the Prudent Person Rule and to the obligations set out in the Act. An alternative approach to subsection (1) that might be taken by an enacting state is to refer to the existing statutes granting powers to a trustee, such as the Uniform Trustee's Powers Act. For example: [A custodial trustee has the powers of a trustee under the Uniform Trustee's Powers Act.]
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 15-1.5-108
What does Colorado Revised Statutes § 15-1.5-108 cover?
Section 15-1.5-108 ("General powers of custodial trustee.") 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 § 15-1.5-108?
A common citation format is "Colorado Revised Statutes § 15-1.5-108" (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 § 15-1.5-108 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.