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RSA 564-B:10-1002 · Damages for Breach of Trust

Title
LVI: PROBATE COURTS AND DECEDENTS' ESTATES
Chapter
564-B · NEW HAMPSHIRE TRUST CODE
Status
current
Official source linked
Yes
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564-B:10-1002 Damages for Breach of Trust. –

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(a)

A trustee who commits a breach of trust is liable to the beneficiaries affected for the greater of:

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(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

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(2)

the profit the trustee made by reason of the breach.

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(b)

Except as otherwise provided in this subsection, if more than one trustee is liable to the beneficiaries for a breach of trust, a trustee is entitled to contribution from the other trustee or trustees, to the extent permitted by RSA 507:7-f. However, a trustee is not entitled to contribution if the trustee was substantially more at fault than another trustee or if the trustee committed the breach of trust in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries. A trustee who received a benefit from the breach of trust is not entitled to contribution from another trustee to the extent of the benefit received. Source. 2004, 130:1, eff. Oct. 1, 2004.

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Source note

Source. 2004, 130:1, eff. Oct. 1, 2004.

Source history

  • 2004, 130:1, eff. Oct. 1, 2004

Related materials

Bill relationships

  • 2025 HB88 amend

    housand Twenty Five AN ACT establishing community property trusts. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Article; Article 13 Community Property Trusts. Amend RSA 564-B by inserting after article 12 the following new article: Article 13 Community Property Trusts 564-B:13-1301 Short Title. This article shall be known as the "New Hampshire Community Property Trust Act of 2026."

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