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2019 Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 501C — Trusts
Section 501C.1003 — Remedies In Absence Of Breach.
Universal Citation: MN Stat § 501C.1003 (2019)
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
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