Ala. Code § 19-3B-1003

Damages in Absence of Breach.

Known as the Alabama Uniform Trust Code

The act spans §§ 19-3B-1001 to 19-3B-906 (108 sections).

(Act 2006-216, p. 314, §1.)

(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.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.