Legislative declaration. — Colorado Code § 15-1-1001
Colorado Code § 15-1-1001 — Legislative declaration.. Reproduced from the official Colorado Revised Statutes, with a citation summary, verification link, and related provisions.
§ 15-1-1001. Legislative declaration.
It is the purpose of this part 10 to preserve the intent of testators and grantors of testamentary and inter vivos trusts created prior to and after June 2, 1971, for charitable, educational, religious, and benevolent purposes, by minimizing the imposition of federal income and excise taxes, and federal estate and gift taxes, imposed upon the assets of such trusts, and thereby preserving the maximum amount of the trust assets for the charitable, educational, religious, and benevolent purposes for which they were intended. The attorney general of this state shall perform such acts as, in his or her opinion, will result in the effectuation of this declaration of purpose.
Source: L. 71: p. 589, § 1. C.R.S. 1963: § 57-10-1. L. 73: p. 638, § 1. L. 2016: Entire section amended, (HB 16-1094), ch. 94, p. 266, § 9, effective August 10.
ANNOTATION
An express trust was created by implication in fact, rather than theory of implied trust in case where loyal minority members of local church sought to recover possession of church's property from seceding majority members. Bishop and Diocese of Colo. v. Mote, 716 P.2d 85 (Colo. 1986).
Source: official Colorado text · Last verified 2026-08-27
At a glance
- Citation: Colorado Revised Statutes § 15-1-1001
- Jurisdiction: Colorado
- Code: Colorado Revised Statutes
- Subject: Legislative declaration.
- Text: transcribed from the official source (verify below)
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