Minn. Stat. § 501C.1003

Current through 2023, c. 127
Section 501C.1003 - REMEDIES IN ABSENCE OF BREACH
(a) A trustee is chargeable 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 for a loss or depreciation in the value of trust property or for not having made a profit.
(c) This section does not limit a trustee's right to payments that are permitted under section 501C.0802.

Minn. Stat. § 501C.1003

2015 c 5 art 10 s 3

Added by 2015 Minn. Laws, ch. 5,s 10-3, eff. 1/1/2016.