# 18-B M.R.S. § 1003: 18-B §1003. Damages in absence of breach

> Maine · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1003

## Section

- **Citation:** 18-B M.R.S. § 1003
- **Heading:** 18-B §1003. Damages in absence of breach
- **Jurisdiction:** Maine
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ME Code / Title 18-B / Part 1 / Chapter 10 / Section 1003

## Text

1. Accountable for profit. 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 . [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]

2. Not accountable for loss, depreciation or no profit. 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. [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]

## Nearby sections

- [18-B M.R.S. § 1001 18-B §1001. Remedies for breach of trust](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1001.md)
- [18-B M.R.S. § 1002 18-B §1002. Damages for breach of trust](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1002.md)
- [18-B M.R.S. § 1003 18-B §1003. Damages in absence of breach](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1003.md)
- [18-B M.R.S. § 1004 18-B §1004. Attorney's fees and costs](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1004.md)
- [18-B M.R.S. § 1005 18-B §1005. Limitation of action against trustee](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1005.md)
- [18-B M.R.S. § 1006 18-B §1006. Reliance on trust instrument](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1006.md)
- [18-B M.R.S. § 1007 18-B §1007. Event affecting administration or distribution](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1007.md)
- [18-B M.R.S. § 1008 18-B §1008. Exculpation of trustee](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1008.md)
- [18-B M.R.S. § 1009 18-B §1009. Beneficiary's consent, release or ratification](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1009.md)
- [18-B M.R.S. § 1010 18-B §1010. Limitation on personal liability of trustee](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1010.md)
- [18-B M.R.S. § 1011 18-B §1011. Interest as general partner](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1011.md)
- [18-B M.R.S. § 1012 18-B §1012. Protection of person dealing with trustee](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1012.md)
- [18-B M.R.S. § 1013 18-B §1013. Certification of trust](https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1013.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ME_T18-B_P1_C10_S1003. Check the current official text before relying on it. Not legal advice.