Colorado § 15-12-715 - Transactions authorized for personal representatives - exceptions.
Full text of Colorado Colorado Revised Statutes § 15-12-715 — Transactions authorized for personal representatives - exceptions., with citation guidance and answers to common questions.
§ 15-12-715. Transactions authorized for personal representatives - exceptions.
(1) Except as restricted or otherwise provided by the will or by an order in a formal proceeding and subject to the priorities stated in section 15-12-902, a personal representative, acting reasonably for the benefit of the interested persons, may properly:
(a) Exercise any of the powers enumerated in the "Colorado Fiduciaries' Powers Act" at the time of such exercise; and
(b) Satisfy written charitable pledges of the decedent irrespective of whether the pledges constituted binding obligations of the decedent or were properly presented as claims, if in the judgment of the personal representative the decedent would have wanted the pledges completed under the circumstances.
Source: L. 73: R&RE, p. 1590, § 1. C.R.S. 1963: § 153-3-715.
Cross references: For the "Colorado Fiduciaries' Powers Act", see part 8 of article 1 of this title.
ANNOTATION
Applied in Fry & Co. v. Dist. Court, 653 P.2d 1135 (Colo. 1982).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 15-12-715
What does Colorado Revised Statutes § 15-12-715 cover?
Section 15-12-715 ("Transactions authorized for personal representatives - exceptions.") 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 § 15-12-715?
A common citation format is "Colorado Revised Statutes § 15-12-715" (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 § 15-12-715 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.