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Code · Utah · Title 75B — Trusts · Chapter 2

75B-2-1003. Damages in absence of breach.

79 words·~1 min read·/ut/title-75b/chapter-2/75b-2-1003

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Effective 5/7/2025
75B-2-1003. Damages in absence of breach.
(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.
Renumbered and Amended by Chapter 310 , 2025 General Session
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