Colorado § 25.5-6-411 - Personal needs trust fund required.
Full text of Colorado Colorado Revised Statutes § 25.5-6-411 — Personal needs trust fund required., with citation guidance and answers to common questions.
§ 25.5-6-411. Personal needs trust fund required.
All personal needs funds must be held in trust by a residential facility authorized to provide services pursuant to this part 4, or the residential facility's designated trustee, separate and apart from any other funds of the facility, in a checking account or savings account or any combination established to protect and separate the personal needs funds of the members. At all times, the principal and all income derived from the principal in the personal needs trust fund must remain the property of the participating members, and the residential facility or the facility's designated trustee is bound by all of the duties imposed by law upon fiduciaries in handling the fund including accounting for all expenditures from the fund.
Source: L. 2006: Entire article added with relocations, p. 1947, § 7, effective July 1. L. 2024: Entire section amended, (SB 24-176), ch. 152, p. 667, § 86, effective August 7.
Editor's note: This section is similar to former § 26-4-631 as it existed prior to 2006.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 25.5-6-411
What does Colorado Revised Statutes § 25.5-6-411 cover?
Section 25.5-6-411 ("Personal needs trust fund required.") 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 § 25.5-6-411?
A common citation format is "Colorado Revised Statutes § 25.5-6-411" (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 § 25.5-6-411 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.