Disposition of unappointed property under released or unexercised general power
C.R.S. § 15-2.5-310
in effect15-2.5-310. Disposition of unappointed property under released or unexercised general power. (1) To the extent a powerholder releases or fails to exercise a general power of appointment other than a power to withdraw property from, revoke, or amend a trust:
(a) The gift-in-default clause controls the disposition of the unappointed property; or
(b) If there is no gift-in-default clause or to the extent the clause is ineffective:
(I) Except as otherwise provided in subparagraph (II) of this paragraph (b), the unappointed property passes to:
(A) The powerholder if the powerholder is a permissible appointee and living; or
(B) If the powerholder is an impermissible appointee or deceased, the powerholder's estate if the estate is a permissible appointee; or
(II) To the extent the powerholder released the power, or if there is no taker under subparagraph (I) of this paragraph (b), the unappointed property passes under a reversionary interest to the donor or to the donor's transferee or successor in interest.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-15.docx#15-2.5-310Fetched: 10/6/2026