§ 36C-10-1003. Liability in absence of breach. - North Carolina Statutes

§ 36C‑10‑1003. Liability in absence of breach.

(a)        A trustee isaccountable for any profit made by the trustee arising from the administrationof the trust, even absent a breach of trust. Nothing in this section limits atrustee's right to compensation under G.S. 36C‑7‑708 or paymentsallowed under G.S. 36C‑8‑802(f).

(b)        Absent a breach oftrust, a trustee is not liable for a loss or depreciation in the value of trustproperty or for not having made a profit. (2005‑192, s. 2.)