Colorado Statutes
§ 15-5-1003 — Damages in absence of breach
(1)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.
(2)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
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1184, � 1,
effective January 1, 2019.
Nearby Sections
15
§ 15-1-1001
Legislative declaration§ 15-1-1006
References to Internal Revenue Code of 1954§ 15-1-1007
Application of part 10§ 15-1-101
Short title§ 15-1-102
Legislative declaration§ 15-1-103
Definitions§ 15-1-104
Prior transactions§ 15-1-105
Application of payments to fiduciary§ 15-1-109
Deposit in name of fiduciary