GroundRules
Minn. Stat. § 501C.1003: REMEDIES IN ABSENCE OF BREACH.
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 is chargeable for any profit made by the trustee arising from the administration of the trust, even absent a breach of trust.
(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.
(c) This section does not limit a trustee's right to payments that are permitted under section 501C.0802.
Collected 2026-09-02T22:10:48Z. Source file · JSON