Del. Code tit. 12 § 3583

Current through 2024 Legislative Session Act Chapter 531
Section 3583 - Liability of trustee in absence of breach
(a) Except to the extent a trustee realizes a profit from conduct expressly permitted by law or the terms of the trust, a trustee is accountable to a beneficiary 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 to a beneficiary for a loss or depreciation in the value of trust property or for the failure to make a profit.

12 Del. C. § 3583

72 Del. Laws, c. 388, § 7; 77 Del. Laws, c. 330, § 18.;