Representation - basic effect.

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(1) Notice to a person who may represent and bind another person pursuant to this part 3 has the same effect as if notice were given directly to the other person.

  1. The consent of a person who may represent and bind another person pursuant to thispart 3 is binding on the person represented unless the person represented objects to the representation before the consent would otherwise have become effective.

  2. A person who pursuant to this part 3 may represent a settlor who lacks capacity mayreceive notice and give a binding consent on the settlor's behalf.

  3. A settlor may not represent and bind a beneficiary pursuant to this part 3 with respectto the termination or modification of a trust pursuant to section 15-5-411 (1).

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1158, § 1, effective January 1, 2019.


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