reglab/housing_qa huggingface dataset:
CO Code § 15-5-105 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-105. Default and Mandatory Rules

  Except as otherwise provided in the terms of the trust, this code governs the duties, rights, and powers of a trustee; relations among trustees; the rights, powers, and interests of a beneficiary; the relationship between the trustees and the beneficiaries; the purpose of the trust; and other matters with respect to the trust or the property subject to the trust.    Subject to sections 15-16-809, 15-16-810, and 15-16-811, the terms of a trust prevail over any provision of this code except:   The minimum requirements for creating the trust;    The duty of a trustee to act in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries;    The requirement that a trust and its terms be for the benefit of its beneficiaries and that the trust have a purpose that is lawful, not contrary to public policy, and possible to achieve;    The power of the court to modify or terminate a trust pursuant to sections 15-5-410 to 15-5-416;    The effect of a spendthrift provision and the rights of certain creditors and assignees to reach a trust as provided in part 5 of this article 5;    The power of the court pursuant to section 15-5-702 to require, dispense with, modify, or terminate a bond;    The power of the court pursuant to section 15-5-708 (2) to adjust a trustee's compensation specified in the terms of the trust that is unreasonably low or high;    The duty pursuant to section 15-5-813 (2)(b) and (2)(c) to provide notice of the existence of an irrevocable trust, of the identity of the trustee, and of the right to request trustee's reports to current distributees or permissible distributees of such trust at any age, or to other qualified beneficiaries of such trust who have attained twenty-five years of age;    The duty pursuant to section 15-5-813 (1) to respond to the request of a qualified beneficiary of an irrevocable trust for trustee's reports and other information reasonably related to the administration of a trust;    The effect of an exculpatory term pursuant to section 15-5-1008;    The rights pursuant to sections 15-5-1010 to 15-5-1013 of a person other than a trustee or beneficiary;    The periods of limitation for commencing a judicial proceeding;    Consistent with the terms of the trust and the provisions of this code, the power of the court to take such action and exercise such jurisdiction not inconsistent with a settlor's intent as may be necessary in the interests of justice; and    The subject matter jurisdiction of the court and venue for commencing a proceeding as provided in sections 15-5-203 and 15-5-204, unless the trust instrument requires alternative dispute resolution.        History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1147, § 1, effective January 1, 2019. L. 2019: IP(2) amended, (SB 19-105), ch. 51, p. 173, § 2, effective August 2. L. 2021: (2)(e) added, (SB 21-162), ch. 170, p. 944, § 2, effective September 7.
CO Code § 15-5-106 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-106. Common Law of Trusts - Principles of Equity - Other Statutes

 Unless displaced by the particular provisions of this code, the common law of trusts and principles of law and equity, and other statutes of this state, supplement its provisions.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1148, § 1, effective January 1, 2019.
CO Code § 15-5-107 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-107. Governing Law

  The meaning and effect of the terms of a trust are determined by:   The law of the jurisdiction designated in the terms of the trust unless the designation of that jurisdiction's law is contrary to a strong public policy of the jurisdiction having the most significant relationship to the matter at issue; or    In the absence of a controlling designation in the terms of the trust, the law of the jurisdiction having the most significant relationship to the matter at issue.        History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1148, § 1, effective January 1, 2019.
CO Code § 15-5-108 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-108. Principal Place of Administration

  Without precluding other means for establishing a sufficient connection with the designated jurisdiction, terms of a trust designating the principal place of administration are valid and controlling if:   A trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction; or    All or part of the administration occurs in the designated jurisdiction.       In the case of cotrustees, the principal place of administration, if not otherwise designated in the trust instrument, is the usual place of business of the corporate trustee if there is but one corporate cotrustee, or the usual place of business or residence of the individual trustee who is a professional fiduciary if there is but one such person and no corporate cotrustee, and otherwise the usual place of business or residence of any of the cotrustees as agreed upon by them.    A trustee is under a continuing duty to administer the trust at a place appropriate to its purposes, its administration, and the interests of the beneficiaries.    Without precluding the right of the court to order, approve, or disapprove a transfer, the trustee, in furtherance of the duty prescribed by subsection (2) of this section, may transfer the trust's principal place of administration to another state or to a jurisdiction outside the United States.    The trustee shall notify the qualified beneficiaries of a proposed transfer of a trust's principal place of administration not less than sixty days before initiating the transfer. The notice of a proposed transfer must include:   The name of the jurisdiction to which the principal place of administration is to be transferred;    The address, e-mail address, and telephone number at the new location at which the trustee can be contacted;    An explanation of the reasons for the proposed transfer;    The date on which the proposed transfer is anticipated to occur; and    The date, not less than sixty days after the giving of the notice, by which the qualified beneficiary must notify the trustee of an objection to the proposed transfer.       If a qualified beneficiary notifies the trustee of an objection to a proposed transfer of the trust's principal place of administration, the authority of a trustee pursuant to this section to transfer a trust's principal place of administration is suspended, pending resolution of the objection.    In connection with a transfer of the trust's principal place of administration, the trustee may transfer some or all of the trust property to a successor trustee designated in the terms of the trust or appointed pursuant to section 15-5-704.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1149, § 1, effective January 1, 2019.
CO Code § 15-5-109 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-109. Methods and Waiver of Notice in Matters Other Than Judicial Proceedings

  Notice to a person pursuant to this code or the sending of a document to a person pursuant to this code must be accomplished in a manner reasonably suitable under the circumstances and likely to result in receipt of the notice or document. Permissible methods of notice or for sending a document include first-class mail, personal delivery, delivery to the person's last-known place of residence or place of business, or a properly directed electronic message.    A trustee need not provide a notice or document otherwise required pursuant to this code to a person whose identity or location is unknown to and not reasonably ascertainable by the trustee. The trustee shall maintain documentation of the trustee's reasonable efforts to ascertain the identity or location of such a person.    Notice pursuant to this code or the sending of a document pursuant to this code may be waived by the person who is to be notified or sent the document.    Notice of a judicial proceeding must be given as provided in the Colorado rules of probate procedure, the “Colorado Probate Code”, and, if applicable, the Colorado rules of civil procedure.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1150, § 1, effective January 1, 2019.
CO Code § 15-5-110 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-110. Others Treated as Qualified Beneficiaries

  Whenever notice to qualified beneficiaries of a trust is required pursuant to this code, the trustee shall also give notice to any other beneficiary who has sent the trustee a request for notice.    A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary pursuant to this code if the charitable organization, on the date the charitable organization's qualification is being determined:   Is a distributee or permissible distributee of trust income or principal;    Would be a distributee or permissible distributee of trust income or principal upon the termination of the interests of other distributees or permissible distributees then receiving or eligible to receive distributions; or    Would be a distributee or permissible distributee of trust income or principal if the trust terminated on that date.       A person appointed to enforce a trust created for the care of an animal or another noncharitable purpose as provided in section 15-5-408 or 15-5-409 has the rights of a qualified beneficiary pursuant to this code.    The attorney general has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this state.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1150, § 1, effective January 1, 2019.
CO Code § 15-5-111 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-111. Nonjudicial Settlement Agreements

  Except as otherwise provided in subsection (3) of this section, any person may enter into a binding nonjudicial settlement agreement with respect to any matter involving a trust, regardless of whether the settlement agreement is supported by consideration.    The required parties to a nonjudicial settlement agreement are those persons whose interests in the trust would be materially affected by its provisions were the settlement agreement to be approved by the court at the time it was entered into by the parties.    A nonjudicial settlement agreement is valid only to the extent it does not violate a material purpose of the trust and includes terms and conditions that could be properly approved by the court pursuant to this code or other applicable law.    Matters that may be resolved by a nonjudicial settlement agreement include but are not limited to:   The interpretation or construction of the terms of the trust;    The approval of a trustee's report or accounting;    Direction to a trustee to refrain from performing a particular act or the grant to a trustee of any necessary or desirable power;    The resignation or appointment of a trustee and the determination of a trustee's compensation;    Transfer of a trust's principal place of administration; and    Liability of a trustee for an action relating to the trust.       Any person whose interest in the trust may be affected by a nonjudicial settlement agreement may request the court to approve or disapprove the nonjudicial settlement agreement, to determine whether the representation as provided in part 3 of this code was adequate, and to determine whether the agreement contains terms and conditions the court could have properly approved.     History. Source: L. 2018: Entire article added,(SB 18-180), ch. 169, p. 1151, § 1, effective January 1, 2019.    ANNOTATION   Law Reviews. For article, “Settlement Agreements Under the CUTC-What Are the Limits?”, 36 Colo. Law. 42 (May 2020).
CO Code § 15-5-112 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-112. Rules of Construction

 Unless the terms of the trust instrument contain contrary rules of construction, the rules of construction that apply in this state to the interpretations of and disposition of property by a will or other governing instrument, as that term is defined in the “Colorado Probate Code”, articles 10 to 17 of this title 15, also apply as appropriate to the interpretation of the terms of a trust and the disposition of the trust property.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1152, § 1, effective January 1, 2019.
CO Code § 15-5-113 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-113. Alternate Dispute Resolution

  A settlor may designate in the trust instrument a method of nonjudicial alternate dispute resolution that is valid, enforceable, and irrevocable, except on a ground that exists at law or in equity for the invalidation of a trust. Such methods of nonjudicial dispute resolution may include rules of notice and procedure. The settlor may bind beneficiaries and assigns to the methods of dispute resolution.    A method of nonjudicial dispute resolution provided by the settlor in the trust instrument does not preclude the court's authority to enter an order of alternate dispute resolution, which does not eliminate or negate the method of nonjudicial dispute resolution provided by the settlor except on a ground that exists at law or in equity for the invalidation of a trust.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1152, § 1, effective January 1, 2019.
CO Code § 15-5-114 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 1 - General Provisions and Definitions|§ 15-5-114. Insurable Interest of Trustee - Definition

  In this section, “settlor” means a person who executes a trust instrument. The term includes a person for which a fiduciary or agent is acting.    A trustee of a trust has an insurable interest in the life of an individual insured under a life insurance policy that is owned by the trustee of the trust acting in a fiduciary capacity or that designates the trust itself as the owner if, on the date the policy issued:   The insured is:   A settlor of the trust; or    An individual in whom a settlor of the trust has, or would have had if living at the time the policy was issued, an insurable interest; and       The life insurance proceeds are primarily for the benefit of one or more trust beneficiaries that have:   An insurable interest in the life of the insured; or    A substantial interest engendered by love and affection in the continuation of the life of the insured and, if not already included pursuant to subsection (2)(b)(I) of this section, who are:   Related within the fifth degree or closer, as measured by the civil law system of determining degrees of relation, either by blood or law, to the insured;    Stepchildren of the insured or their descendants; or    Individuals who are designated as beneficiaries of insurance policies for life insurance coverage on the life of the insured under a designated beneficiary agreement executed pursuant to article 22 of this title 15.             This section does not limit or abridge any insurable interest or right to insure under the common law or any other statute.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1152, § 1, effective January 1, 2019.
CO Code § 15-5-201 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-201. Role of Court in Administration of Trust

  The court may intervene in the administration of a trust to the extent its jurisdiction is invoked by an interested person or as provided by law.    A trust is not subject to continuing judicial supervision unless ordered by the court.    A judicial proceeding involving a trust may relate to any matter involving the trust's administration. Such matters may include, but are not limited to, proceedings involving:   The appointment or removal of a trustee or trust director;    Review of a trustee's fees or trust director's fees and review and settling of interim or final accountings;    Requests for instruction;    Declarations of rights;    Determinations as to the creation, existence, and validity of all or part of a trust;    The ascertainment of beneficiaries, and determinations of any other questions arising in the administration of distribution of any trust, including questions of construction in trust instruments, and the existence or nonexistence of any immunity, power, privilege, duty, or right;    The registration or release of registration of a trust;    A direction to compel or refrain from performing a particular act;    The amendment, modification, revocation, or termination of a trust;    The combination or division of trusts; or    Equitable doctrines of cy pres, equitable deviation, and other principles of equity pertaining to charitable and other trusts.        History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1153, § 1, effective January 1, 2019. L. 2019: (3)(a) and (3)(b) amended, (SB 19-105), ch. 51, p. 173, § 3, effective August 2.
CO Code § 15-5-202 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-202. Jurisdiction Over Trustee and Beneficiary

  By accepting the trusteeship of a trust having its principal place of administration in this state or by moving the principal place of administration to this state, the trustee submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust.    With respect to their interests in the trust, the beneficiaries of a trust that has its principal place of administration in this state or that is properly registered in this state are subject to the jurisdiction of the courts of this state regarding any matter involving the trust. By accepting a distribution from such a trust, the recipient submits personally to the jurisdiction of the courts of this state regarding any matter involving the trust.    This section does not preclude other methods of obtaining jurisdiction over a trustee, beneficiary, or other person receiving property from the trust.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1154, § 1, effective January 1, 2019.
CO Code § 15-5-203 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-203. Subject Matter Jurisdiction

  The district court or, in the city and county of Denver, the probate court, has exclusive jurisdiction of proceedings in this state brought by a trustee, trust director, or beneficiary concerning the administration of a trust.    The district court or, in the city and county of Denver, the probate court, has concurrent jurisdiction with other district courts of this state of other proceedings involving trusts and third parties, such as proceedings by or against creditors or debtors of trusts.    This section does not preclude judicial or nonjudicial alternative dispute resolution.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1154, § 1, effective January 1, 2019. L. 2019: (1) amended, (SB 19-105), ch. 51, p. 174, § 4, effective August 2.
CO Code § 15-5-204 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-204. Venue

  A judicial proceeding concerning the internal affairs of trusts and involving trustees, beneficiaries, or persons with authority to act under the trust instrument must be commenced in the following order of priority:   The county of venue specified by the terms of the trust if that county has a substantial relationship to the present administration of the trust;    The county in which the trust is registered;    Either:   The county in which the trust's principal place of administration is or is to be located; or    If the trust is created by a will, the county in which the decedent's estate is being administered.          If a trust has no trustee, a judicial proceeding for the appointment of a trustee must be commenced in the following order of priority:   The county required pursuant to subsection (1) of this section;    Any of the following:   A county in which a beneficiary resides;    A county in which the trust property, or some portion of the trust property, is located; or    A county in which a trust director resides or has a principal place of business.          A judicial proceeding other than one described in subsection (1) or (2) of this section must be commenced in accordance with the rules of venue applicable to civil actions.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1154, § 1, effective January 1, 2019. L. 2019: (2)(b) amended, (SB 19-105), ch. 51, p. 174, § 5, effective August 2.
CO Code § 15-5-205 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-205. Registration of Trusts

  The trustee of a trust having its principal place of administration in this state may, after its acceptance of the trust, register the trust in the court of this state at the principal place of administration unless registration would be inconsistent with the retained jurisdiction of a foreign court from which the trustee cannot obtain release.    Registration of a fully and concurrently revocable inter vivos trust shall not be made until such a time as the settlor's power to revoke such a trust has terminated.    A trust that divides the corpus into multiple trusts or a will that creates multiple trusts needs only one registration rather than a registration of each separate trust.    This section and sections 15-5-206 to 15-5-209 do not apply to any trust created pursuant to section 15-14-412.5 or 15-14-412.6.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1155, § 1, effective January 1, 2019.