(1) Unless otherwise stated in a declaration, it shall be presumed that the declarant intends to have his or her declaration executed pursuant to this part 1 and recognized to the fullest extent possible by other states.
(2) Unless otherwise provided in the declaration, a declaration or similar instrument executed in another state that complies with the requirements of this part 1 may, in good faith, be relied upon by a third party in this state if an action requested by the declarant does not violate any law of the federal government, Colorado, or a political subdivision.
Source: L. 2003: Entire article added, p. 1355, § 1, effective August 6. L. 2006: Entire section amended, p. 904, § 7, effective August 7. L. 2017: Entire section amended, (SB 17-223), ch. 158, p. 560, § 13, effective August 9.