§ 75-7-1003. Damages in absence of breach.

Latest version.

(1) 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.

(2) 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.

Enacted by Chapter 89, 2004 General Session

                    
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