State Codes and Statutes
Statutes > North-carolina > Chapter_36C > GS_36C-10-1003§ 36C‑10‑1003. Liability in absence of breach.
(a) A trustee isaccountable for any profit made by the trustee arising from the administrationof the trust, even absent a breach of trust. Nothing in this section limits atrustee's right to compensation under G.S. 36C‑7‑708 or paymentsallowed under G.S. 36C‑8‑802(f).
(b) Absent a breach oftrust, a trustee is not liable for a loss or depreciation in the value of trustproperty or for not having made a profit. (2005‑192, s. 2.)
