Colorado § 15-5-413 - Cy pres.
Full text of Colorado Colorado Revised Statutes § 15-5-413 — Cy pres., with citation guidance and answers to common questions.
§ 15-5-413. Cy pres.
(1) Except as otherwise provided in subsection (2) of this section, if a particular charitable purpose becomes unlawful, impracticable, impossible to achieve, or wasteful:
(a) The trust does not fail, in whole or in part;
(b) The trust property does not revert to the settlor or the settlor's successors in interest; and
(c) The court may apply cy pres to modify or terminate the trust by directing that the trust property be applied or distributed, in whole or in part, in a manner consistent with the settlor's charitable purposes.
(2) A provision in the terms of a charitable trust that would result in distribution of the trust property to a noncharitable beneficiary prevails over the power of the court pursuant to subsection (1) of this section to apply cy pres to modify or terminate the trust only if, when the provision takes effect:
(a) The trust property is to revert to the settlor and the settlor is still living; or
(b) Fewer than twenty-one years have elapsed since the date of the trust's creation.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1164, § 1, effective January 1, 2019.
Frequently Asked Questions About Colorado § 15-5-413
What does Colorado Revised Statutes § 15-5-413 cover?
Section 15-5-413 ("Cy pres.") 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 § 15-5-413?
A common citation format is "Colorado Revised Statutes § 15-5-413" (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 § 15-5-413 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.