Delaware Code Title 12 Sec. 3582 – Damages against trustee for breach of trust
Current as of: 2023 | Check for updates
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A beneficiary may charge a trustee who commits a breach of trust with:
(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;
(2) The profit that the trustee made by reason of the breach; or
(3) Such other amount as may be determined by the court.
Terms Used In Delaware Code Title 12 Sec. 3582
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Court: means the Court of Chancery. See Delaware Code Title 12 Sec. 39A-101
- Trustee: A person or institution holding and administering property in trust.