58a-1003. Damages in absence of breach. (a) A trustee is accountable to an affected beneficiary for any profit made by the trustee, other than compensation earned, 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.
History: L. 2002, ch. 133, ยง 78; Jan. 1, 2003.
Structure Kansas Statutes
Chapter 58a - Kansas Uniform Trust Code
Article 10 - Liability Of Trustees And Rights Of Persons Dealing With Trustee
58a-1001 Remedies for breach of trust.
58a-1002 Damages for breach of trust.
58a-1003 Damages in absence of breach.
58a-1004 Attorney fees and costs.
58a-1005 Limitation of action against trustee.
58a-1006 Reliance on trust instrument.
58a-1007 Event affecting administration or distribution.
58a-1008 Exculpation of trustee.
58a-1009 Beneficiary's consent, release, or ratification.
58a-1010 Limitation on personal liability of trustee.
58a-1011 Interest as general partner.