Colorado § 15-14-712 - Reimbursement and compensation of agent.
Full text of Colorado Colorado Revised Statutes § 15-14-712 — Reimbursement and compensation of agent., with citation guidance and answers to common questions.
§ 15-14-712. Reimbursement and compensation of agent.
Unless the power of attorney otherwise provides, an agent is entitled to reimbursement of expenses reasonably incurred on behalf of the principal and to compensation that is reasonable under the circumstances.
Source: L. 2009: Entire part added, (HB 09-1198), ch. 106, p. 390, § 1, effective April 9.
OFFICIAL COMMENT
This section provides a default rule that an agent is entitled to reimbursement of expenses reasonably incurred on behalf of the principal and to reasonable compensation. While it is unlikely that a principal would choose to alter the default rule as to expenses, a principal's circumstances may warrant including limitations in the power of attorney as to the categories of expenses the agent may incur; likewise, the principal may choose to specify the terms of compensation rather than leave that determination to a reasonableness standard. Although many family-member agents serve without compensation, payment of compensation to the agent may be advantageous to the principal in circumstances where the principal needs to spend down income or resources to meet qualifications for public benefits.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 15-14-712
What does Colorado Revised Statutes § 15-14-712 cover?
Section 15-14-712 ("Reimbursement and compensation of agent.") 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 § 15-14-712?
A common citation format is "Colorado Revised Statutes § 15-14-712" (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 § 15-14-712 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.