Honorary trusts; trusts for pets
(2)Trust for pets.
(3)Additional provisions applicable to honorary trusts and trusts for pets.
(a)Except as expressly provided otherwise in the trust instrument, no portion of the principal or income may be converted to the use of the trustee, other than reasonable trustee fees and expenses of administration, or to any use other than for the trust’s purposes or for the benefit of a covered animal or animals.
(b)Upon termination, the trustee shall transfer the unexpended trust property in the following order:
(I)As directed in the trust instrument;
(II)If the trust was created in a nonresiduary clause in the transferor’s will or in a codicil to the transferor’s will, under the residuary clause in the transferor’s will; and
(III)If no taker is produced by the application of subparagraph (I) or (II) of this paragraph (b), to the transferor’s heirs under part 5 of this article.
(e)All trusts created under this section shall be registered and all trustees shall be subject to the laws of this state applying to trusts and trustees.
Section 15-11-901 — Honorary trusts; trusts for pets,
https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-15.pdf (accessed Oct. 20, 2023).