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First Regular Session | 75th General Assembly
Colorado General Assembly
SB21-162

Colorado Uniform Trust Code Part 5

Type Bill
Session 2021 Regular Session
Subjects
Probate, Trusts, & Fiduciaries

Concerning spendthrift provisions in trusts pursuant to the "Colorado Uniform Trust Code".

Bill Summary:



The act enacts part 5 of the Uniform Trust Code, including a number of Colorado-specific amendments. The act addresses the validity of spendthrift provisions and the rights of creditors, both of the settlor and beneficiaries, to reach a trust to collect a debt. The act provides certain exceptions that allow children for whom an order or judgment for child support has been entered to reach a trust in order to satisfy the child support order or judgment.

(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Senator Bob Gardner

Senator

Bob Gardner

Senator Marc Snyder

Representative

Marc Snyder

Representative Matt Soper

Representative

Matt Soper

Committees

Senate

Judiciary

House

Judiciary

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
05/21/2021 Signed Act PDF
05/13/2021 Final Act PDF
05/10/2021 Rerevised PDF
05/07/2021 Revised PDF
03/31/2021 Reengrossed PDF
03/30/2021 Engrossed PDF
03/02/2021 Introduced PDF
Date Version Documents
03/26/2021 PA1 PDF
Date Version Documents
07/08/2021 FN2 PDF
03/23/2021 FN1 PDF
Activity Vote Documents
Refer Senate Bill 21-162 to the Committee of the Whole. The motion passed on a vote of 11-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Adopt amendment L.001 (Attachment D) The motion passed without objection. Vote summary
Refer Senate Bill 21-162, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
05/10/2021 Third Reading BILL
63
AYE
0
NO
2
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
03/31/2021 Third Reading BILL
35
AYE
0
NO
0
OTHER
 		Vote record
Date Amendment Number Committee/ Floor Hearing Status Documents
03/25/2021 L.001 SEN Judiciary Passed [*] PDF

* Amendments passed in committee are not incorporated into the measure unless adopted by the full House or Senate.

** The status of Second Reading amendments may be subsequently affected by the adoption of an amendment to the Committee of the Whole Report. Refer to the House or Senate Journal for additional information.

Date Location Action
05/21/2021 Governor Governor Signed
05/13/2021 Governor Sent to the Governor
05/13/2021 House Signed by the Speaker of the House
05/13/2021 Senate Signed by the President of the Senate
05/10/2021 House House Third Reading Passed - No Amendments
05/07/2021 House House Second Reading Passed - No Amendments
05/06/2021 House House Second Reading Laid Over Daily - No Amendments
05/04/2021 House House Committee on Judiciary Refer Unamended to House Committee of the Whole
03/31/2021 House Introduced In House - Assigned to Judiciary
03/31/2021 Senate Senate Third Reading Passed - No Amendments
03/30/2021 Senate Senate Second Reading Passed with Amendments - Committee
03/25/2021 Senate Senate Committee on Judiciary Refer Amended - Consent Calendar to Senate Committee of the Whole
03/02/2021 Senate Introduced In Senate - Assigned to Judiciary
Effective Date Chapter # Title Documents
09/07/2021 170 Colorado Uniform Trust Code Part 5 PDF

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