Mich. Comp. Laws § 700.7903
Damages in absence of breach.
Michigan · Michigan Compiled Laws — ESTATES AND PROTECTED INDIVIDUALS CODE (Act 386 of 1998) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 700.7903, Damages in absence of breach, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1373152
- Permanent ID
ys:prov:1373152@1- SHA-256
40143f01b0cc5565bad54ca0dff9e270104dafec0ece7a98b25529ffaab44cda
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) A trustee is accountable to an affected trust beneficiary for any profit made by the trustee arising from the administration of the trust, even absent a breach of trust.
(2) Absent a breach of trust, a trustee is not liable to a trust beneficiary for a loss or depreciation in the value of trust property, for failure to generate income, or for not having made a profit.
(3) This section does not do either of the following:
(a) Limit a trustee's right to compensation under section 7708 or payments allowed under section 7802(5).
(b) Make a trustee accountable to an affected beneficiary in connection with a matter to which section 4405 of the banking code of 1999, 1999 PA 276, MCL 487.14405, applies and the requirements of that section have been satisfied.