Office of trust director.

  1. Law
  2. Colorado Revised Statutes
  3. Probate, Trusts, And Fiduciaries
  4. Trust Administration
  5. Office of trust director.

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(1) Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:

  1. Acceptance under section 15-5-701;

  2. Giving of bond to secure performance under section 15-5-702;

  3. Reasonable compensation under sections 15-5-1004, 15-10-501 (3), and 15-10-601;

  4. Resignation under section 15-5-705;

  5. Removal under section 15-5-706;

  6. Vacancy and appointment of successor under section 15-5-704; and

  7. The right to petition the court for instructions under section 15-5-201 (3).

Source: L. 2019: Entire part R&RE, (SB 19-105), ch. 51, p. 173, § 1, effective August 2.


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