§ 1003 — No damages in absence of breach

Illinois § 1003

• Jurisdiction: Illinois
• Topic: RIGHTS AND REMEDIES
• Ch. 760: TRUSTS AND FIDUCIARIES
• Act 760 ILCS 3/: Illinois Trust Code.
• Art.: Article 10 - Liability of Trustees and Rights of Persons Dealing With Trustee

Text

Except as provided in Section 802, 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 any benefit received by the trustee by reason of the administration of the trust.

Legislative History

(Source: P.A. 101-48, eff. 1-1-20 .)