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Maine · Through October 1, 2025

18-B M.R.S. §1003: Damages in absence of breach

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Where this section sits in the code
  1. TITLE 18-B: TRUSTS
  2. PART 1: MAINE UNIFORM TRUST CODE
  3. CHAPTER 10: LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE

1. Accountable for profit. 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. Nothing in this section limits a trustee's right to reasonable compensation under section 708.

2. Not accountable for loss, depreciation or no profit. 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.

Collected 2026-09-04T15:12:29Z. Source file · JSON

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