Section 19-3B-1003 Damages in absence of breach.
Section 19-3B-1003
Damages in absence of breach.
(a) A trustee is accountable to an affected beneficiary for any profit made by the trustee 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.
(Act 2006-216, p. 314, §1.)