N.J.S.A. 3B:31-73 — Damages in absence of breach.

3B:31-73 Damages in absence of breach. 3B:31-73. Damages in Absence of Breach. 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, except where the interest in the transaction involved is fully disclosed to the beneficiary and consent is freely given. 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. L.2015, c.276, s.1.

This is the verbatim text of N.J.S.A. 3B:31-73, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.