Subdivision 1. Occurrence of breach.
A fiduciary breach occurs if a fiduciary violates the general standard of fiduciary conduct as specified in section 356A.04 in carrying out the activities of a fiduciary. A fiduciary breach also occurs if a fiduciary of a covered pension plan violates the provisions of section 356A.06, subdivision 9 .
Subd. 2. Remedies.
Remedies available for a fiduciary breach by a fiduciary are those specified by statute or available at common law.