Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 501C.1002: DAMAGES FOR BREACH OF TRUST.

Where this section sits in the code

PROPERTY AND PROPERTY INTERESTS
CHAPTER 501C. TRUSTS
LIABILITY OF TRUSTEES AND RIGHTS OF PERSON DEALING WITH TRUSTEE

(a) A trustee who commits a breach of trust is liable for the greater of:

(1) the amount required to restore the value of the trust property and trust distributions to what they would have been had the breach not occurred; or

(2) the profit the trustee made by reason of the breach.

(b) If more than one trustee is liable for a breach of trust, a trustee is entitled to contribution or indemnity from the other trustee or trustees as the court may determine.

Collected 2026-09-02T22:10:48Z. Source file · JSON

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