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2016 Statute



Prev Article 10. - LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEENext


58a-1003.Damages in absence of breach. (a) A trustee is accountable to an affected beneficiary for any profit made by the trustee, other than compensation earned, arising from the administration of the trust, even absent a breach of trust.

(b) Absent a breach of trust, a trustee is not liable to a beneficiary for a loss or depreciation in the value of trust property or for not having made a profit.

History: L. 2002, ch. 133, § 78; Jan. 1, 2003.



Prev Article 10. - LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEENext
2017. Powered by KLISS. Rendered: 2017-10-21T16:16:14. Head Rev No: 302148