Alabama Statutes
§ 19-3B-1003 — Damages in Absence of Breach
Alabama § 19-3B-1003
This text of Alabama § 19-3B-1003 (Damages in Absence of Breach) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 19-3B-1003 (2026).
Text
(a)A trustee is accountable to an affected 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 not having made a profit.
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Legislative History
(Act 2006-216, p. 314, §1.)
Nearby Sections
15
§ 19-1-1
Short Title§ 19-1-11
Chapter Not Retroactive§ 19-1-12
Cases Not Provided for in Chapter§ 19-1-13
Uniformity of Interpretation§ 19-1-2
Definitions§ 19-1-8
Deposit in Name of Principal§ 19-1A-1
Short TitleCite This Page — Counsel Stack
Bluebook (online)
Alabama § 19-3B-1003, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/19-3B-1003.