GroundRules
N.C. Gen. Stat. § 36C-10-1003: Liability in absence of breach.
Where this section sits in the code
- Chapter 36C. North Carolina Uniform Trust Code.
- Article 10. Liability of Trustees and Rights of Persons Dealing with Trustees.
(a) A trustee is accountable 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 compensation under G.S. 36C-7-708 or payments allowed under G.S. 36C-8-802(f).
(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. (2005-192, s. 2.)
Collected 2026-08-27T18:01:17Z. Source file · JSON