N.H. Rev. Stat. Ann. § 564-B:10-1003

Damages in Absence of Breach

Known as the New Hampshire Trust Code

The act spans §§ 564-B:10-1001 to 564-B:9-907 (130 sections).

Source. 2004, 130:1, eff

(a) A trustee, trust advisor, or trust protector is accountable to an affected beneficiary for any profit made by that trustee, trust advisor, or trust protector arising from the administration of the trust, even absent a breach of trust. This section does not preclude the payment of reasonable compensation to a trustee, trust advisor, or trust protector.

(b) Absent a breach of trust, a trustee, trust advisor, or trust protector 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: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.