Colorado Code § 15-5-409

Noncharitable trust without ascertainable beneficiary. Subject to section
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15-5-409.5 and except as provided pursuant to sections 38-30-110 to 38-30-112, if a trust is for a
specific, lawful, noncharitable purpose or for lawful, noncharitable purposes to be selected by
the trustee, and there is no definite or definitely ascertainable beneficiary designated, the trust
may be performed by the trustee for twenty-one years but no longer, regardless of whether the
terms of trust contemplate a longer duration.

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