Bob Gardner
- Republican
- Senator
- District 12
Primary
The act repeals the "Uniform Principal and Income Act" and replaces it with the "Uniform Fiduciary Income and Principal Act" (UFIPA), as drafted by the Uniform Law Commission, with Colorado-specific amendments.The UFIPA includes provisions concerning:Duties of fiduciaries; Judicial review of fiduciaries; Trusts in which the beneficiary receives a periodic payout of a percentage of the net value of trust assets, known as "unitrusts"; Allocation of trust receipts and disbursements; and Procedures followed at the termination of a trust or an income interest in a trust.(Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Passed - No Amendments
House Committee on Judiciary Refer Unamended to House Committee of the Whole
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
Senate Committee on Judiciary Refer Unamended - Consent Calendar to Senate Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Signed Act (05/17/2021) | |
| Final Act (05/13/2021) | |
| Rerevised (05/07/2021) | |
| Revised (05/06/2021) | |
| Reengrossed (03/31/2021) | |
| Engrossed (03/30/2021) | |
| Introduced (03/02/2021) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (03/23/2021) | |
| Fiscal Note FN2 (07/08/2021) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.