Utah Code § 75-7-1003

Current through the 2024 Fourth Special Session
Section 75-7-1003 - 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.

Utah Code § 75-7-1003

Enacted by Chapter 89, 2004 General Session.