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2019 Utah Code
Title 75 - Utah Uniform Probate Code
Chapter 7 - Utah Uniform Trust Code
Part 10 - Liability of Trustees and Rights of Persons Dealing with Trustee
Section 1003 - Damages in absence of breach.
Universal Citation:
UT Code § 75-7-1003 (2019)
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75-7-1003. Damages in absence of breach.
Enacted by Chapter 89, 2004 General Session
- (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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