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Legislative Year: 2021 Change

Bill Detail: SB21-171

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Title Uniform Fiduciary Income And Principal Act
Status Governor Signed (05/17/2021)
Bill Subjects
  • Probate, Trusts, & Fiduciaries
House Sponsors M. Snyder (D)
M. Soper (R)
Senate Sponsors R. Gardner (R)
House Committee Judiciary
Senate Committee Judiciary
Date Introduced 03/02/2021

Colorado Commission on Uniform State Laws. The bill 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
  • Allocation of trust receipts and disbursements; and
  • Procedures followed at the termination of a trust or an
income interest in a trust.
The bill makes additional conforming amendments.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (07/08/2021) (most recent)  
Additional Bill Documents Bill Documents
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
Lobbyists Lobbyists
Audio [This feature is available by subscription.]  
Votes House and Senate Votes
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