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A trustee who commits a breach of trust shall be liable for any loss or depreciation of trust property resulting from such breach. The trustee shall also be liable for any profit made by him through breach of trust, of for any profit that would have accrued to the trust property if there had been no breach of trust.However, a trustee is not liable to a beneficiary for breach of trust if the beneficiary consented to the action or omission constituting the breach, held the trustee harmless, or ratified such action or omission. History —Aug. 31, 2012, No. 219, § 45.