N.J. Stat. § 3B:31-73

Current through L. 2024, c. 80.
Section 3B:31-73 - Damages in absence of breach
a. 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, except where the interest in the transaction involved is fully disclosed to the beneficiary and consent is freely given.
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 not having made a profit.

N.J.S. § 3B:31-73

Added by L. 2015, c. 276,s. 1, eff. 7/17/2016.