2015 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
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:
Official Publication of the State of Minnesota
Revisor of Statutes