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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.

History:

2015 c 5 art 10 s 3

Official Publication of the State of Minnesota
Revisor of Statutes