Colorado Code § 15-12-504

Supervised administration - powers of personal representative. Unless
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restricted by the court, a supervised personal representative has, without interim orders
approving exercise of a power, all powers of personal representatives under this code, but he
shall not exercise his power to transfer, surrender, or release estate assets to a distributee without
prior order of the court. Any other restriction on the power of a personal representative which
may be ordered by the court must be endorsed on his letters of appointment and, unless so
endorsed, is ineffective as to persons dealing in good faith with the personal representative.

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