{"data":{"id":"us-mi/mich.-comp.-laws-700.7903","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 700.7903","heading":"Damages in absence of breach.","body":"Sec. 7903.\n\n(1) A trustee is accountable to an affected trust beneficiary for any profit made by the trustee arising from the administration of the trust, even absent a breach of trust.\n\n(2) Absent a breach of trust, a trustee is not liable to a trust beneficiary for a loss or depreciation in the value of trust property, for failure to generate income, or for not having made a profit.\n\n(3) This section does not do either of the following:\n\n(a) Limit a trustee's right to compensation under section 7708 or payments allowed under section 7802(5).\n\n(b) Make a trustee accountable to an affected beneficiary in connection with a matter to which section 4405 of the banking code of 1999, 1999 PA 276, MCL 487.14405, applies and the requirements of that section have been satisfied.","path":["MI Code","Chapter 700","Act Act-386-of-1998"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-700-7903","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"d8a0886d90e261e84b0fcbd8bb75c1bca66e590ff0107fa4497a6d8dd950cd94","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-700.7902","next":"us-mi/mich.-comp.-laws-700.7904"},"notice":"GroundRules: Original legal text. Not legal advice."}