Section 36C-10-1003 - Liability in absence of breach(a) A trustee is accountable for any profit made by the trustee arising from the administration of the trust, even absent a breach of trust. Nothing in this section limits a trustee's right to compensation under G.S. 36C-7-708 or payments allowed under G.S. 36C-8-802(f).(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.N.C. Gen. Stat. § 36C-10-1003
Added by 2005 N.C. Sess. Laws 192, s. 2, eff. 1/1/2006.