Arizona § 14-11003 Damages in absence of breach

Arizona Statutes

§ 14-11003 — Damages in absence of breach

Arizona § 14-11003

Title 14Arizona Revised Statutes

Ch. 11ARIZONA TRUST CODE

Art. 10Liability of Trustees and Rights of Persons Dealing with Trustees

This text of Arizona § 14-11003 (Damages in absence of breach) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 14-11003 (2026).

Text

A.Except as provided in section 14-7404, 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. For the purposes of this subsection, profit does not include:

1.Reasonable compensation to which the trustee is entitled pursuant to section 14-10708.

2.Compensation or fees permitted pursuant to section 14-10802.

3.Reasonable fees or compensation for services rendered that the trustee or an affiliate customarily provides in the normal course of business and that are typical in the geographic area where the trust is administered.

4.Reasonable remuneration for services permitted pursuant to section 6-246.

B.Absent a breach of trust, a trustee is not liable to a beneficiary for

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A. Except as provided in section 14-7404, 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. For the purposes of this subsection, profit does not include:

1. Reasonable compensation to which the trustee is entitled pursuant to section 14-10708.

2. Compensation or fees permitted pursuant to section 14-10802.

3. Reasonable fees or compensation for services rendered that the trustee or an affiliate customarily provides in the normal course of business and that are typical in the geographic area where the trust is administered.

4. Reasonable remuneration for services permitted pursuant to section 6-246.

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.