Utah Statutes
§ 75B-2-1002 — Damages for breach of trust.
Utah·Title 75B Trusts·Ch. 75B-2 Uniform Trust Code·Part 75B-2-10 Liability of Trustees and Rights of Persons Dealing with Trustee
(1)A trustee who commits a breach of trust is liable to the beneficiaries affected for the greater of:
(1)(a) the amount required to restore the value of the trust property and trust distributions to what the beneficiaries would have been had the breach not occurred; or
(1)(b) the profit the trustee made by reason of the breach.
(2)(2)(a) Except as otherwise provided in this Subsection (2), if more than one trustee is liable to the beneficiaries for a breach of trust, a trustee is entitled to contribution from the other trustee or trustees.
(2)(b) A trustee is not entitled to contribution if the trustee was substantially more at fault than another trustee or if the trustee committed the breach of trust in bad faith or with reckless indifference to the purposes of the trust or the interes
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Utah § 75B-2-1002 (Damages for breach of trust.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 310, 2025 General Session
Nearby Sections
15
§ 75B-1-101
Definitions for title.§ 75B-1-102
Transition clause.§ 75B-1-201
Definitions for part.§ 75B-1-203
Income permitted to accumulate.§ 75B-1-301
Definitions for part.§ 75B-1-302
Asset protection trust. -- Governing law.§ 75B-1-303
Requirements for asset protection trust.§ 75B-1-304
Application of asset protection trust.§ 75B-1-305
Illusory agreement.§ 75B-1-306
Affidavit of solvency.