{"data":{"id":"us-nc/n.c.-gen.-stat.-36c-10-1003","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 36C-10-1003","heading":"Liability in absence of breach.","body":"(a)\tA 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).\n(b)\tAbsent 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.)","path":["Chapter 36C. North Carolina Uniform Trust Code.","Article 10. Liability of Trustees and Rights of Persons Dealing with Trustees."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_36C/GS_36C-10-1003.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:01:17Z","sha256":"9021ff89ec840f25c202d939e1eecfc850182f3c1cc774991b818f2d9915a9e3","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-36c-10-1002","next":"us-nc/n.c.-gen.-stat.-36c-10-1004"},"notice":"GroundRules: Original legal text. Not legal advice."}