Utah Statutes
§ 75B-2-1003 — Damages in absence of breach.
Utah § 75B-2-1003
JurisdictionUtah
Title 75BTrusts
Ch. 75B-2Uniform Trust Code
Part 75B-2-10Liability of Trustees and Rights of Persons Dealing with Trustee
This text of Utah § 75B-2-1003 (Damages in absence of breach.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 75B-2-1003 (2026).
Text
(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
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.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 75B-2-1003, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/75B-2-1003.