75-7-1003 - Damages in absence of breach. - Utah Statutes

75-7-1003. Damages in absence of breach.
(1) A trustee is accountable to an affected beneficiary for any profit made by the trusteearising from the administration of the trust, even absent a breach of trust.
(2) Absent a breach of trust, a trustee is not liable to a beneficiary for a loss ordepreciation in the value of trust property or for not having made a profit.

Enacted by Chapter 89, 2004 General Session