(1) A trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the conduct constituting the breach, released the trustee from liability for the breach, or ratified the transaction constituting the breach, unless: (a) The consent, release, or ratification of the beneficiary was induced by improper conduct of the trustee; or (b) At the time of the consent, release, or ratification, the beneficiary did not know of the beneficiary’s rights or of the material facts relating to the breach.
C.R.S. § 15-5-1009
Beneficiary’s consent, release, or ratification
Known as the Colorado Uniform Trust Code
The act spans §§ 15-5-1001 to 15-5-818 (104 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.