§ 14.5-902
Statutes in effect as of October 1, 2026.
Md. Code Ann., Est. & Trusts § 14.5-902 (2026)
Title 14.5. Maryland Trust Act
Subtitle 9. Liability of Trustees and Rights of Persons Dealing with the Trustee
§ 14.5-902LinkCopy Citation
(a)
A trustee that commits a breach of trust is liable to the beneficiaries affected by the breach 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)
(1)
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 that are also liable.
(2)
A trustee that received a benefit from a breach of trust under this subsection is not entitled to contribution from another trustee to the extent of the benefit received.