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.
Miss. Code Ann. § 91-8-1003
Damages in absence of breach
Known as the Mississippi Uniform Trust Code
The act spans §§ 91–91 (104 sections).
Laws, 2014, ch. 421, § 79, eff from and after July 1, 2014.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.