Minnesota Legislature
Office of the Revisor of Statutes
2023 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