C.R.S. Section 15-1.5-114
Expenses, compensation, and bond of custodial trustee

(1)

Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:

(a)

Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;

(b)

Has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and

(c)

Need not furnish a bond or other security for the faithful performance of fiduciary duties.

Source: Section 15-1.5-114 — Expenses, compensation, and bond of custodial trustee, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-15.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 15-1.5-114’s source at colorado​.gov