58a-1003. Damages in absence of breach. - Kansas Statutes

58a-1003

Chapter 58a.--KANSAS UNIFORM TRUST CODE Article 10.--LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH TRUSTEE

      58a-1003.   Damages in absence of breach.(a) A trustee isaccountable to an affected beneficiary for any profit made by thetrustee,other than compensation earned, arising from the administration ofthe trust, even absent a breachof trust.

      (b)   Absent a breach of trust, a trustee is not liable to a beneficiary fora loss ordepreciation in the value of trust property or for not having made a profit.

      History:   L. 2002, ch. 133, § 78; Jan. 1, 2003.