(1) A trustee, without authorization by the court, may exercise: (a) Powers conferred by the terms of the trust; and(b) Except as limited by the terms of the trust: (I) All powers over the trust property that an unmarried competent owner has over individually owned property;(II) Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and(III) Any other powers conferred by this code and the 'Colorado Fiduciaries' Powers Act', part 8 of article 1 of this title 15.(2) The exercise of a power is subject to the fiduciary duties prescribed by this code.Added by 2018 Ch. 169, § 1, eff. 1/1/2019.L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1178, § 1, effective 1/1/2019.
Colorado Legal Code