Section 700.7903 - Damages in absence of breach(1) A trustee is accountable to an affected trust 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 trust beneficiary for a loss or depreciation in the value of trust property, for failure to generate income, or for not having made a profit.(3) This section does not do either of the following: (a) Limit a trustee's right to compensation under section 7708 or payments allowed under section 7802(5).(b) Make a trustee accountable to an affected beneficiary in connection with a matter to which section 4405 of the banking code of 1999, 1999 PA 276, MCL 487.14405, applies and the requirements of that section have been satisfied.Added by 2009, Act 46,s 131 , eff. 4/1/2010.