{"jurisdiction": "us-ny", "code": "scpa", "section": "2212", "citation": "SCPA § 2212", "heading": "Accounting for profit and loss No profit shall be made by a fiduciary by the increase nor shall he sustain any loss by the decrease or lo...", "text": ["§ 2212. Accounting for profit and loss", "No profit shall be made by a fiduciary by the increase nor shall he sustain any loss by the decrease or loss without his fault of any part of the estate, but he shall be charged with the increase and credited for the decrease or loss on the settlement of his accounts."], "official_source": "https://www.nysenate.gov/legislation/laws/SCP/2212", "from_official_api": true, "plain_english": "A fiduciary **may not profit** from an increase in the estate's value, and **does not bear a loss** from a decrease or loss that was **not their fault**. ★ When the account is settled, the fiduciary is **charged with every increase** and **credited for every decrease or loss that occurred without their fault**: gains and blameless losses belong to the estate, not to the fiduciary.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/scpa/2212", "publisher": "Elyphived LLC"}