Colorado Revised Statutes Title 42. Vehicles and Traffic § 42-4-110.5. Automated vehicle identification systems--definition

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a. Except as provided in subsections b. and c., for purposes of construing a will, trust agreement, or other governing instrument, an individual who is not established by clear and convincing evidence to have survived an event, including the death of another individual, by 120 hours is deemed to have predeceased the event.

b. If it is not established by clear and convincing evidence that one of two co-owners with right of survivorship survived the other co-owner by 120 hours, one-half of the property passes as if one had survived by 120 hours and one-half as if the other had survived by 120 hours.

c. If there are more than two co-owners and it is not established by clear and convincing evidence that at least one of them survived the others by 120 hours, the property passes in the proportion that one bears to the whole number of co-owners.

d. The 120 hour survival requirement of subsections a., b. and c. shall not apply if:  (1) the will, trust agreement, or other governing instrument, contains some language applicable to the event dealing explicitly with simultaneous deaths or deaths in a common disaster, or requiring survival for a stated time period;  (2) application would cause a non-vested property interest or power of appointment to be invalid under a rule against perpetuities concerning an interest created prior to the enactment of P.L. 1999, c. 159 (effective on July 8, 1999);  or (3) it is established by clear and convincing evidence that application to multiple governing instruments would result in an unintended failure or duplication of a disposition.

e. For purposes of this section, “co-owners with right of survivorship” includes joint tenants, tenants by the entireties, and other co-owners of property or accounts held under circumstances that entitle one or more to the whole of the property or account on the death of the other or others.

To the extent this section is inconsistent with the “Uniform Simultaneous Death Law” (N.J.S.3B:6-1 et seq.), the provisions of this section shall apply.

Cite this article: FindLaw.com - Colorado Revised Statutes Title 42. Vehicles and Traffic § 42-4-110.5. Automated vehicle identification systems--definition - last updated January 01, 2019 | https://codes.findlaw.com/co/title-42-vehicles-and-traffic/co-rev-st-sect-42-4-110-5.html


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