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Section 11-50-115 - Use of custodial property — Colorado Law | CourtGPT
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  4. Title 11 - Financial Institutions Banks and Industrial Banks (§§ 11-1-101 — 11-24-107)banking Code (§§ 11-1-101 — 11-11-101)/
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  7. Article 50 - Colorado Uniform Transfers to Minors Act/
  8. Section 11-50-115 - Use of custodial property
Colorado Legal Code
(1) A custodian may deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the custodian considers advisable for the use and benefit of the minor, without court order and without regard to: (a) The duty or ability of the custodian personally or of any other person to support the minor; or(b) Any other income or property of the minor which may be applicable or available for that purpose.(2) On petition of an interested person or the minor if the minor has attained the age of fourteen years, the court may order the custodian to deliver or pay to the minor or expend for the minor's benefit so much of the custodial property as the court considers advisable for the use and benefit of the minor.(3) A delivery, payment, or expenditure under this section is in addition to, not in substitution for, and does not affect any obligation of a person to support the minor.L. 84: Entire article R&RE, p. 389, § 1, effective July 1.This section is similar to former § 11-50-105 as it existed prior to 1984.

Section 11-50-115 - Use of custodial property

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