# C.R.S. § 15-16-904: 15-16-904. Fiduciary duty

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-904

## Section

- **Citation:** C.R.S. § 15-16-904
- **Heading:** 15-16-904. Fiduciary duty
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 15 / Article 16 / Part 9 / Section 15-16-904

## Text

15-16-904. Fiduciary duty. (1) In exercising the decanting power, an authorized fiduciary shall act in accordance with its fiduciary duties, including the duty to act in accordance with the purposes of the first trust.

(2) This part 9 does not create or imply a duty to exercise the decanting power or to inform beneficiaries about the applicability of this part 9.

(3) Except as otherwise provided in a first-trust instrument, for purposes of this part 9 the terms of the first trust are deemed to include the decanting power.

## Nearby sections

- [C.R.S. § 15-16-901 15-16-901. Short title](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-901.md)
- [C.R.S. § 15-16-902 15-16-902. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-902.md)
- [C.R.S. § 15-16-903 15-16-903. Scope - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-903.md)
- [C.R.S. § 15-16-904 15-16-904. Fiduciary duty](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-904.md)
- [C.R.S. § 15-16-905 15-16-905. Application - governing law](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-905.md)
- [C.R.S. § 15-16-906 15-16-906. Reasonable reliance](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-906.md)
- [C.R.S. § 15-16-907 15-16-907. Notice - exercise of decanting power](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-907.md)
- [C.R.S. § 15-16-908 15-16-908. Representation](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-908.md)
- [C.R.S. § 15-16-909 15-16-909. Court involvement](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-909.md)
- [C.R.S. § 15-16-910 15-16-910. Formalities](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-910.md)
- [C.R.S. § 15-16-911 15-16-911. Decanting power under expanded distributive discretion - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-911.md)
- [C.R.S. § 15-16-912 15-16-912. Decanting power under limited distributive discretion - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-912.md)
- [C.R.S. § 15-16-913 15-16-913. Trust for beneficiary with disability - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-913.md)
- [C.R.S. § 15-16-914 15-16-914. Protection of charitable interest - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-914.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T15_A16_P9_S15-16-904. Check the current official text before relying on it. Not legal advice.