C.R.S. § 15-1.1-115 Colorado Changes to Uniform Act - Specific Statutes Control - Use of Term "Trustee"

• Library: Colorado Statutes
• Edition: 2023
• Currency: Current through 2023 Regular and 1st Extraordinary Session
• Year: 2023
• Citation: C.R.S. § 15-1.1-115

(1)

(a) The general assembly recognizes that persons, corporations, entities, or state agencies who have responsibility for investing funds may be subject to a standard that is specifically set forth in other statutes. Under such circumstances, such persons, corporations, entities, or state agencies shall comply with the standard of investment set forth in the other statute, and this article shall not modify or repeal that standard.

(b) In addition, as provided for in section <codecitation statecd="CO" sessionyear="2023" datatype="S" title="15" catchline="Standard for investments on and after July 1, 1995 - "Colorado Uniform Prudent Investor Act"">15-1-304.1</codecitation>, this article shall not apply to those persons, corporations, entities, or state agencies which were made subject to the provisions of section 15-1-304 by specific reference in another statute in existence prior to July 1, 1995.