Ky. Rev. Stat. § 386B.10-030

Current through Acts Received April 24, 2024
Section 386B.10-030 - Damages in absence of breach
(1) A trustee is accountable to an affected beneficiary for any profit made by the trustee arising from the administration of the trust, except the reasonable fee charged by the trustee, 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.

KRS 386B.10-030

Added by 2014 Ky. Acts ch. 25,§ 81, eff. 7/15/2014.