{"data":{"id":"us-co/c.r.s.-15-1.2-305","jurisdiction":"us-co","citation":"C.R.S. § 15-1.2-305","heading":"Unitrust policy.","body":"(1) In administering a unitrust under this part 3, a fiduciary shall follow a unitrust policy adopted under section 15-1.2-303 (1)(a) or (1)(b) or amended or replaced under section 15-1.2-303 (1)(b).\n\n(2) A unitrust policy must provide:\n\n(a) The unitrust rate or the method for determining the unitrust rate under section 15-1.2-306;\n\n(b) The method for determining the applicable value under section 15-1.2-306; and\n\n(c) The rules described in sections 15-1.2-306 through 15-1.2-309 which apply in the administration of the unitrust, whether the rules are:\n\n(I) Mandatory, as provided in sections 15-1.2-307 (1) and 15-1.2-416; or\n\n(II) Optional, as provided in sections 15-1.2-306, 15-1.2-307 (2), 15-1.2-308 (2), and 15-1.2-309 (1), to the extent the fiduciary elects to adopt those rules.","path":["Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES","Article 1.2 - Uniform Fiduciary Income and Principal Act","Part 3 - UNITRUST"],"source_url":"https://olls.info/crs/crs2026-title-15.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"8d135a6ae097aa1f54283c1a4ba3d60922898bf0c9c6622df38edf081da8f2be","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-15-1.2-304","next":"us-co/c.r.s.-15-1.2-306"},"notice":"GroundRules: Original legal text. Not legal advice."}