Vermont § 1003 - Damages in absence of breach
Full text of Vermont Vermont Statutes Online § 1003 — Damages in absence of breach, with citation guidance and answers to common questions.
§ 1003. Damages in absence of breach
- (a) 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. Nothing
in this section limits a trustee’s right to reasonable compensation under section 708 of this title. (b) 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. (Added 2009, No. 20, § 1.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1003
What does Vermont Statutes Online § 1003 cover?
Section 1003 ("Damages in absence of breach") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 1003?
A common citation format is "Vermont Statutes Online § 1003" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.