Del. Code Ann. tit. 12, § 3583 – Liability of trustee in absence of breach | Midpage
§ 3583
Del. Code Ann. tit. 12, § 3583
Liability of trustee in absence of breach
72 Del. Laws, c. 388, § 7; 77 Del. Laws, c. 330, § 18;
(a) Except to the extent a trustee realizes a profit from conduct expressly permitted by law or the terms of the trust, a trustee is accountable to a beneficiary for any profit made by the trustee arising from the administration of the trust, even absent a breach of trust.
(b) Absent a breach of trust, a trustee is not liable to a beneficiary for a loss or depreciation in the value of trust property or for the failure to make a profit.