Colorado Code § 15-5-1003

Damages in absence of breach
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(1) A trustee is accountable to an affected
beneficiary for any profit made by the trustee arising from the administration of the trust, even
absent a breach of trust.
(2) Absent a breach of trust, a trustee is not liable to a beneficiary for a loss or
depreciation in the value of trust property or for not having made a profit.

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