1. (1) A trustee, without authorization by the court, may exercise:

   1. (a) Powers conferred by the terms of the trust; and

   2. (b) Except as limited by the terms of the trust:

      1. (I) All powers over the trust property that an unmarried competent owner has over individually owned property;
      2. (II) Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
      3. (III) Any other powers conferred by this code and the Colorado Fiduciaries' Powers Act, part 8 of article 1 of this title 15.
2. (2) The exercise of a power is subject to the fiduciary duties prescribed by this code.

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1178, § 1, effective January 1, 2019.