A powerholder may not transfer a power of appointment. If a powerholder dies without exercising or releasing a power, the power lapses.
C.R.S. § 15-2.5-202
Nontransferability
Known as the Colorado Uniform Powers of Appointment Act
The act spans §§ 15-2.5-101 to 15-2.5-603 (33 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.