N.C. Gen. Stat. § 36C-10-1003

Liability in absence of breach.

Last amended: 2005Year: 2026Length: 80 wordsSubsections: 2Official source
§ 36C-10-1003. Liability in absence of breach. (a) A trustee is accountable 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 compensation under G.S. 36C-7-708 or payments allowed under G.S. 36C-8-802(f). (b) Absent a breach of trust, a trustee is not liable for a loss or depreciation in the value of trust property or for not having made a profit.
N.C. Gen. Stat. § 36C-10-1003: Liability in absence of breach. | Justis AI