reglab/housing_qa huggingface dataset:
CO Code § 15-5-206 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-206. Registration Procedures and Content of Statement

  Registration may be accomplished by filing a trust registration statement with the court as described in section 15-5-205 indicating the name and address of the trustee in which the trustee acknowledges the trusteeship. The statement must indicate whether the trust has been registered elsewhere, if known.    The statement must identify the trust as follows:   In the case of a testamentary trust, by the name of the testator and the date and place of domiciliary probate;    In the case of a written inter vivos trust, by the name of each settlor and the original trustee and the date of the trust instrument; or    In the case of an oral trust, by information identifying the settlor or other source of funds or assets and describing the time and manner of the trust's creation and the terms of the trust, including the subject matter, beneficiaries, and time of performance.       Within sixty days after filing the trust registration statement, the trustee shall notify in writing all cotrustees, qualified beneficiaries, and other fiduciaries and persons having authority to act under the terms of the trust. For purposes of privacy, the names of qualified beneficiaries may be redacted from the copy of the statement filed with the court or provided to other qualified beneficiaries.    The trust registration statement must contain language indicating that, because a court will not routinely review or adjudicate matters unless it is specifically requested to do so by a beneficiary, creditor, or other interested person, all interested persons, including beneficiaries and creditors, have the responsibility to protect their own rights and interests in the trust estate.    If a trust has been registered in a foreign court, registration in this state is ineffective to the extent it is inconsistent with the foreign registration until the earlier registration is released, or an instrument executed by the trustee and all qualified beneficiaries is filed with the registration in this state.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1155, § 1, effective January 1, 2019.
CO Code § 15-5-207 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-207. Effect of Failure to Register

 A trustee who does not register a trust in a proper place, for purposes of any proceedings initiated by a beneficiary of the trust prior to registration, is subject to the personal jurisdiction of any court in which the trust could have been registered and otherwise as provided by section 15-5-205 . In addition, any trustee who, within thirty days after receipt of a written demand by a settlor or qualified beneficiary of the trust, fails to register a trust may be subject to removal or to surcharge as the court may direct.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1156, § 1, effective January 1, 2019.
CO Code § 15-5-208 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-208. Registration - Qualification of a Foreign Trustee

 A foreign corporate trustee is required to qualify as a foreign corporation doing business in this state if it maintains the principal place of administration of any trust within this state. A foreign cotrustee is not required to qualify in this state solely because its cotrustee maintains the principal place of administration in this state. Unless otherwise doing business in this state, local qualification by a foreign trustee, corporate or individual, is not required in order for the trustee to receive distribution from a local estate or to hold, invest in, manage, or acquire property located in this state, or maintain litigation. Nothing in this section affects a determination of what other acts require qualification as doing business in this state.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1156, § 1, effective January 1, 2019.
CO Code § 15-5-209 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-209. Release of Trust Registration Statement

  If a trust's principal place of administration changes after the trust has been registered in this state, the trustee may withdraw that registration by:   Filing a notice of release of trust registration statement in the same court in which the last registration statement was filed; and    Serving the notice of release upon all persons described in section 15-5-206 (3).       The trust registration is deemed released thirty-five days after the filing of the notice of release with the court unless an objection to the release is filed with that court and the objector files a notice to set a hearing on the objection within said period and serves the objection and the notice to set on those persons described in section 15-5-206 (3).     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1157, § 1, effective January 1, 2019.
CO Code § 15-5-210 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 2 - Judicial Proceedings|§ 15-5-210. Judicially Approved Settlements

  A settlement of any controversy as to the administration of a trust; the construction, validity, or effect of any trust; or the rights or interests of the beneficiaries or persons having claims against a trust, if approved in a formal proceeding in the court for that purpose, is binding on all parties thereto, including an unborn individual, an unascertained individual, or a person who could not be located. An approved settlement does not impair the rights of creditors or taxing authorities who are not parties to it.    Notice of a judicially approved settlement must be given to every interested person or to one who can bind an interested person as provided in this code.    The procedure for securing court approval of a settlement is as follows:   The terms of the settlement must be set forth in an agreement in writing, which must be executed by all competent persons and parents of any minor child having a beneficial interest or having claims that will or may be affected by the settlement. Execution is not required by any person whose identity or whereabouts are unknown and cannot be reasonably ascertained.    Any interested person, including a trustee, then may submit the settlement to the court for its approval and for execution by the trustee, the trustee of every affected testamentary trust, other fiduciaries, and representatives.    After notice to all interested persons or their representatives, the court, if it finds that the contest or controversy is in good faith and that the effect of the settlement upon the interests of the persons represented by the fiduciaries or representatives is just and reasonable, shall make an order approving the settlement and directing all fiduciaries under its supervision to execute the agreement. A minor child represented only by his or her parents may be bound only if there is no conflict of interest between the parent and the child. Upon the making of the order and the execution of the settlement, all further disposition of trust property affected by the settlement must be in accordance with the terms of the settlement.       Notice to a person who may be represented and bound pursuant to this code of an agreement to be approved by the court must be given:   Directly to the person or to one who may bind the person if the person may be represented and bound pursuant to section 15-5-302 or 15-5-303; or    In the case of a person who may be represented and bound pursuant to section 15-5-304 and who is unborn or whose identity or location is unknown and not reasonably ascertainable, to all persons whose interests in the judicial proceedings are substantially identical and whose identities and locations are known; or, in the case of other persons who may be represented and bound pursuant to section 15-5-304, directly to the person.        History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1157, § 1, effective January 1, 2019.
CO Code § 15-5-301 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 3 - Representation|§ 15-5-301. Representation - Basic Effect

  Notice to a person who may represent and bind another person pursuant to this part 3 has the same effect as if notice were given directly to the other person.    The consent of a person who may represent and bind another person pursuant to this part 3 is binding on the person represented unless the person represented objects to the representation before the consent would otherwise have become effective.    A person who pursuant to this part 3 may represent a settlor who lacks capacity may receive notice and give a binding consent on the settlor's behalf.    A settlor may not represent and bind a beneficiary pursuant to this part 3 with respect to the termination or modification of a trust pursuant to section 15-5-411 (1).     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1158, § 1, effective January 1, 2019.
CO Code § 15-5-301.5 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 3 - Representation|§ 15-5-301.5. Scope of Representative's Authority and Duty of Certain Representatives - Definitions

  As used in this section, unless the context otherwise requires, “representative” means a representative acting pursuant to section 15-5-302, 15-5-303, 15-5-304, or 15-5-305.    A representative may receive notice, give consent, and otherwise represent, bind, and act on behalf of the individual represented with respect to any matter arising pursuant to this article 5, regardless of whether a judicial proceeding concerning the trust is pending.    In making decisions, a representative may consider general benefits accruing to the living members of the represented individual's family.    A representative acting pursuant to section 15-5-303 (1)(f) or section 15-5-305 shall act in good faith on behalf of the person represented. As used in this subsection (4), with respect to representatives acting pursuant to sections 15-5-303 (1)(f) and 15-5-305 only, “good faith” means honesty in fact.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1158, § 1, effective January 1, 2019.
CO Code § 15-5-302 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 3 - Representation|§ 15-5-302. Representation by a Holder of General Testamentary Power of Appointment

 To the extent that there is no conflict of interest between the holder of a general testamentary power of appointment and the persons represented with respect to the particular question or dispute, the holder may represent and bind persons whose interests, as permissible appointees, takers in default, or otherwise, are subject to the power. For persons bound by orders binding holders of a presently exercisable general power of appointment, see section 15-10-403 (3)(a) .   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1159, § 1, effective January 1, 2019.
CO Code § 15-5-303 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 3 - Representation|§ 15-5-303. Representation by Fiduciaries and Parents

  To the extent there is no conflict of interest between the representative and the person represented or among those being represented with respect to a particular question or dispute:   A conservator may represent and bind the protected person whose estate the conservator controls;    A guardian may represent and bind the ward if a conservator of the ward's estate has not been appointed;    An agent having authority to act with respect to the particular question or dispute may represent and bind the principal;    A trustee may represent and bind the beneficiaries of the trust;    A personal representative of a decedent's estate may represent and bind persons interested in the estate; and    A parent may represent and bind, or appoint another person to represent and bind, the parent's minor or unborn child if a conservator or guardian for the child has not been appointed, provided that a person appointed by a settlor to represent the settlor's minor or unborn child may not be related or subordinate to the settlor within the meaning of section 672 (c) of the federal “Internal Revenue Code of 1986”, as amended.        History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1159, § 1, effective January 1, 2019.
CO Code § 15-5-304 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 3 - Representation|§ 15-5-304. Representation by Person Having Substantially Identical Interest

 Unless otherwise represented, a minor, an incapacitated person, or an unborn individual, or a person whose identity or location is unknown and not reasonably ascertainable, may be represented by and bound by another having a substantially identical interest with respect to the particular question or dispute, but only to the extent there is no conflict of interest between the representative and the person represented.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1159, § 1, effective January 1, 2019.
CO Code § 15-5-305 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 3 - Representation|§ 15-5-305. Appointment of Representative

 If the court determines that an interest is not represented pursuant to this part 3, or that the otherwise available representation might be inadequate, the court may appoint a representative to receive notice, give consent, and otherwise represent, bind, and act on behalf of a minor, an incapacitated person, a protected person, or an unborn individual, or a person whose identity or location is unknown. A representative may be appointed to represent several persons or interests.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1160, § 1, effective January 1, 2019.
CO Code § 15-5-401 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-401. Methods of Creating Trust

  A trust may be created by:   Transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death;    Declaration by the owner of property that the owner holds identifiable property as trustee;    Exercise of a power of appointment in favor of a trustee; or    A statute, judgment, or decree authorizing the creation of a trust.        History. Source: L. 2018: Entire article added,(SB 18-180), ch. 169, p. 1160, § 1, effective January 1, 2019.    ANNOTATION   Law Reviews. For article, “The Lifecycle of a Revocable Trust”, see 49 Colo. Law. 56 (Feb. 2020).
CO Code § 15-5-402 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-402. Requirements for Creation

  A trust is created only if:   Either:   The settlor has capacity to create a trust and indicates an intention to create a trust; or    A statute, judgment, or decree authorizes creation of a trust;       The trust has a definite beneficiary or is:   A charitable trust;    A trust for the care of an animal, as provided in section 15-5-408; or    A trust for a noncharitable purpose, as provided in section 15-5-409;       The trustee has duties to perform; and    The same person is not the sole trustee and sole beneficiary.       A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to any applicable rule against perpetuities.    A power in a trustee to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred.     History. Source: L. 2018: Entire article added,(SB 18-180), ch. 169, p. 1160, § 1, effective January 1, 2019.    ANNOTATION   Law Reviews. For article, “The Lifecycle of a Revocable Trust”, see 49 Colo. Law. 56 (Feb. 2020).
CO Code § 15-5-403 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-403. Trusts Created in Other Jurisdictions

  A trust not created by a will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed, or the law of the jurisdiction in which, at the time of creation:   The settlor was domiciled, had a place of abode, or was a national;    A trustee was domiciled or had a place of business; or    Any trust property was located.        History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective January 1, 2019.
CO Code § 15-5-404 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-404. Trust Purposes

 A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective January 1, 2019.
CO Code § 15-5-405 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-405. Charitable Purposes - Enforcement

  A charitable trust may be created for the relief of poverty; the advancement of education or religion; the promotion of health, governmental, or municipal purposes; or other purposes the achievement of which is beneficial to the community.    If the terms of a charitable trust do not indicate a particular charitable purpose or beneficiary, the trustee, if authorized by the terms of the trust, or, if not, the court, may select one or more charitable purposes or beneficiaries. The selection must be consistent with the settlor's intention to the extent that such intention can be ascertained.    The settlor of a charitable trust, among others, may maintain a proceeding to enforce the trust.     History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective January 1, 2019.
CO Code § 15-5-406 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-406. Creation of Trust Induced by Fraud, Duress, or Undue Influence

 A trust is void to the extent its creation was induced by fraud, duress, or undue influence.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective January 1, 2019.
CO Code § 15-5-407 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-407. Evidence of Oral Trust

 Except as required by a statute other than this article 5, a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective January 1, 2019.
CO Code § 15-5-408 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-408. Trust for Care of an Animal

 Subject to this section and section 15-5-409.5 , a trust for the care of designated domestic or pet animals and the animals' offspring in gestation is valid. For purposes of this section, the determination of the “animals' offspring in gestation” is made at the time the designated domestic or pet animals become present beneficiaries of the trust. Unless the trust instrument provides for an earlier termination, the trust terminates when no living animal is covered by the trust. A trust instrument must be liberally construed to bring the trust within this section, to presume against the merely precatory or honorary nature of its disposition, and to carry out the general intent of the settlor. Extrinsic evidence is admissible in determining the settlor's intent. Any trust pursuant to this section is an exception to any statutory or common law rule against perpetuities.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1161, § 1, effective January 1, 2019.
CO Code § 15-5-409 (2021)
2021 Colorado Code|Title 15 - Probate, Trusts, and Fiduciaries|Article 5 - Colorado Uniform Trust Code|Part 4 - Creation, Validity, Modification, and Termination of Trust|§ 15-5-409. Noncharitable Trust Without Ascertainable Beneficiary

 Subject to section 15-5-409.5 and except as provided pursuant to sections 38-30-110 to 38-30-112 , if a trust is for a specific, lawful, noncharitable purpose or for lawful, noncharitable purposes to be selected by the trustee, and there is no definite or definitely ascertainable beneficiary designated, the trust may be performed by the trustee for twenty-one years but no longer, regardless of whether the terms of trust contemplate a longer duration.   History. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1162, § 1, effective January 1, 2019.