Expenses, compensation, and bond of custodial trustee
C.R.S. § 15-1.5-114
in effect15-1.5-114. Expenses, compensation, and bond of custodial trustee. (1) Except as otherwise provided in the instrument creating the custodial trust, in an agreement with the beneficiary, or by court order, a custodial trustee:
(a) Is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services;
(b) Has a noncumulative election, to be made no later than six months after the end of each calendar year, to charge a reasonable compensation for fiduciary services performed during that year; and
(c) Need not furnish a bond or other security for the faithful performance of fiduciary duties.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-15.docx#15-1.5-114Fetched: 10/6/2026