Statutes, codes, and regulations
Code of Maryland
Article - ESTATES AND TRUSTSTitle 14.5 - MARYLAND TRUST ACT
Subtitle 9 - LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH THE TRUSTEE
Section 14.5-903 - No liability for loss or depreciation in value of trust property or for no profits

Md. Code, Est. & Trusts § 14.5-903

Download
PDF
Current with changes from the 2024 Legislative Session
Section 14.5-903 - No liability for loss or depreciation in value of trust property or for no profits

Absent a breach of trust or the applicable standard of care, 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.

Md. Code, ET § 14.5-903

Added by 2014 Md. Laws, Ch. 585,Sec. 1, eff. 1/1/2015.