Colo. Rev. Stat. § 15-16-918
Removal or replacement of authorized fiduciary
Colorado · Colorado Revised Statutes Title 15 — Probate, Trusts, and Fiduciaries · Status: effective
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- Citation
- Colo. Rev. Stat. § 15-16-918, Removal or replacement of authorized fiduciary, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2294515
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Full text
(1) An authorized fiduciary may not exercise the decanting power to modify a provision in a first-trust instrument granting another person power to remove or replace the fiduciary unless:
(a) The person holding the power consents to the modification in a signed record and the modification applies only to the person;
(b) The person holding the power and the qualified beneficiaries of the second trust consent to the modification in a signed record and the modification grants a substantially similar power to another person; or
(c) The court approves the modification and the modification grants a substantially similar power to another person.