Absent a breach of trust or the applicable standard of care, 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 Maryland Statutes
Title 14.5 - Maryland Trust Act
Subtitle 9 - Liability of Trustees and Rights of Persons Dealing With the Trustee
Section 14.5-901 - Breach of Trust
Section 14.5-902 - Extent of Liability; Contribution
Section 14.5-904 - Limitation Period for Breach of Trust Action
Section 14.5-906 - Exculpatory Clauses Unenforceable
Section 14.5-907 - Consent, Release, or Ratification by Beneficiary
Section 14.5-908 - Actions and Claims Against Trustee
Section 14.5-909 - Protection of Persons Dealing With Trustees