Ala. Code § 19-3B-1003

Current through the 2024 Regular Session.
Section 19-3B-1003 - Damages in absence of breach
(a) 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.
(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 not having made a profit.

Ala. Code § 19-3B-1003 (1975)

Act 2006-216, p. 314, §1.