Delaware § 3583 Liability of trustee in absence of breach

Delaware Statutes

§ 3583 — Liability of trustee in absence of breach

Delaware·Title 12·Part Fiduciary Relations·Ch. 35 TRUSTS·Subch. Liability of Trustees and Rights of Persons Dealing With Trustee

(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.

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(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.

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