Colorado § 15-5-1003 - Damages in absence of breach.
Full text of Colorado Colorado Revised Statutes § 15-5-1003 — Damages in absence of breach., with citation guidance and answers to common questions.
§ 15-5-1003. Damages in absence of breach.
(1) 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.
(2) 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.
Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1184, § 1, effective January 1, 2019.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 15-5-1003
What does Colorado Revised Statutes § 15-5-1003 cover?
Section 15-5-1003 ("Damages in absence of breach.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 15-5-1003?
A common citation format is "Colorado Revised Statutes § 15-5-1003" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 15-5-1003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.