Colorado § 15-15-401 - Definitions.
Full text of Colorado Colorado Revised Statutes § 15-15-401 — Definitions., with citation guidance and answers to common questions.
§ 15-15-401. Definitions.
As used in this part 4, unless the context otherwise requires:
(1) "Beneficiary deed" means a deed, subject to revocation by the owner, which conveys an interest in real property and which contains language that the conveyance is to be effective upon the death of the owner and which may be in substantially the form described in section 15-15-404.
(2) "Deed" means any instrument of conveyance of real property.
(3) "Grantee-beneficiary" means one or more persons or entities capable of holding title to real property designated in a beneficiary deed to receive an interest in real property upon the death of the owner. "Grantee-beneficiary" includes, but is not limited to, a successor grantee-beneficiary.
(4) "Owner" means the grantor of a beneficiary deed.
(5) "Successor grantee-beneficiary" means the person or entity designated in a beneficiary deed to receive an interest in the property if the primary grantee-beneficiary does not survive the owner.
(6) (a) "Transfer", when used as a verb, means to convey.
(b) "Transfer", when used as a noun, means a conveyance.
Source: L. 2004: Entire part added, p. 727, § 1, effective August 4.
ANNOTATION
"Owner" of property and grantor of deed must be a natural person and not an entity. Beneficiary deeds executed by decedent to transfer property from trust were invalid as a matter of law. Fischbach v. Holzberlein, 215 P.3d 407 (Colo. App. 2009).
Frequently Asked Questions About Colorado § 15-15-401
What does Colorado Revised Statutes § 15-15-401 cover?
Section 15-15-401 ("Definitions.") 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 § 15-15-401?
A common citation format is "Colorado Revised Statutes § 15-15-401" (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 § 15-15-401 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.