501C.1002 DAMAGES FOR BREACH OF TRUST. (a) A trustee who commits a breach of trust is liable for the greater of: (1) the amount required to restore the value of the trust property and trust distributions to what they would have been had the breach not occurred; or (2) the profit the trustee made by reason of the breach. (b) If more than one trustee is liable for a breach of trust, a trustee is entitled to contribution or indemnity from the other trustee or trustees as the court may determine. History: 2015 c 5 art 10 s 2
Minnesota Legal Code