(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.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 73 - Arkansas Trust Code
Subchapter 10 - Liability of Trustees and Rights of Persons Dealing With Trustees
§ 28-73-1001. Remedies for breach of trust
§ 28-73-1002. Damages for breach of trust
§ 28-73-1003. Damages in absence of breach
§ 28-73-1004. Attorney's fees and costs
§ 28-73-1005. Limitation of action against trustee
§ 28-73-1006. Reliance on trust instrument
§ 28-73-1007. Event affecting administration or distribution
§ 28-73-1008. Exculpation of trustee
§ 28-73-1009. Beneficiary's consent, release, or ratification
§ 28-73-1010. Limitation on personal liability of trustee
§ 28-73-1011. Interest as general partner