C.R.S. § 15-5-815: General powers of trustee.

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

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

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

(I) All powers over the trust property that an unmarried competent owner has over individually owned property;

(II) Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and

(III) Any other powers conferred by this code and the "Colorado Fiduciaries' Powers Act", part 8 of article 1 of this title 15.

(2) The exercise of a power is subject to the fiduciary duties prescribed by this code.