{"data":{"id":"us-co/c.r.s.-15-11-1103","jurisdiction":"us-co","citation":"C.R.S. § 15-11-1103","heading":"When nonvested property interest or power of appointment created.","body":"(1) Except as provided in subsections (2) and (3) of this section and in sections 15-11-1102.5 (3)(a) and 15-11-1106 (1), the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law.\n\n(2) For purposes of this part 11, if there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of either a nonvested property interest or a property interest subject to a power of appointment described in section 15-11-1102 (2) or (3), the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates. For purposes of this part 11, a joint power with respect to community property or to marital property under the \"Uniform Marital Property Act\" held by individuals married to each other is a power exercisable by one person alone.\n\n(3) For purposes of this part 11, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created.","path":["Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES","Article 11 - Intestate Succession and Wills","Part 11 - COLORADO STATUTORY RULE AGAINST PERPETUITIES ACT"],"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":"ff761d65ca3d4ed3d8c80c937b6a6cbe170e4f639c9c9906a415125ccff9664d","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-15-11-1102.5","next":"us-co/c.r.s.-15-11-1104"},"notice":"GroundRules: Original legal text. Not legal advice."}