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Vt. Stat. Ann. tit. 14A, § 1003

Damages in absence of breach

Known as the Vermont Trust Code

The act spans §§ 14A-1001 to 14A-908 (107 sections).

Added 2009, No. 20, § 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. Nothing in this section limits a trustee’s right to reasonable compensation under section 708 of this title.

(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: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.