Michigan § 700.7903 - Damages in absence of breach.
Full text of Michigan Michigan Compiled Laws § 700.7903 — Damages in absence of breach., with citation guidance and answers to common questions.
§ 700.7903. Damages in absence of breach.
(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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 700.7903
What does Michigan Compiled Laws § 700.7903 cover?
Section 700.7903 ("Damages in absence of breach.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 700.7903?
A common citation format is "Michigan Compiled Laws § 700.7903" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 700.7903 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.