House Status:
Senate Status:
Senate Status:
2021 Statute
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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. |
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2023. Powered by KLISS. Rendered: 2023-06-06T15:15:45. Head Rev No: 893494(E)