(1) On and after July 1, 1995, when investing and managing assets, fiduciaries shall
be governed by the standard for trustees set forth in the “Colorado Uniform Prudent
Investor Act”, article 1.1 of this title.
(2) This section shall not apply to those persons, corporations, entities, or state
agencies which were made subject to the provisions of section 15-1-304 by specific reference in another statute in existence prior to July 1, 1995.
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