In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
C.R.S. § 15-1.1-107
Investment costs
Known as the Colorado Uniform Prudent Investor Act
The act spans §§ 15-1.1-101 to 15-1.1-115 (15 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.