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New Mexico · Through 2024-04-26

46A-10-1003: Damages in absence of breach.

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Where this section sits in the code
  1. Chapter 46A - Uniform Trust Code
  2. ARTICLE 10 Liability of Trustees and Rights of Persons Dealing with Trustees

A. 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.

B. 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 2026-09-03T15:02:19Z. Source file · JSON

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