29-U.S.C.-1109
§1109 – Liability For Breach of Fiduciary Duty
Pathway
Title 29 > Chapter 18 > Subchapter I > Subtitle B > Part 4 > Section 1109
Details
- Reference: Section 1109
- Legend: §1109 – Liability For Breach of Fiduciary Duty
- USCode Year: 2013
Provision Content
(a) Any person who is a fiduciary with respect to a plan who breaches any of the responsibilities, obligations, or duties imposed upon fiduciaries by this subchapter shall be personally liable to make good to such plan any losses to the plan resulting from each such breach, and to restore to such plan any profits of such fiduciary which have been made through use of assets of the plan by the fiduciary, and shall be subject to such other equitable or remedial relief as the court may deem appropriate, including removal of such fiduciary. A fiduciary may also be removed for a violation of section 1111 of this title.
(b) No fiduciary shall be liable with respect to a breach of fiduciary duty under this subchapter if such breach was committed before he became a fiduciary or after he ceased to be a fiduciary.
(Pub. L. 93–406, title I, §409, Sept. 2, 1974, 88 Stat. 886.)
U.S. Encyclopedia of Law Coverage
29-U.S.C.-1108 in the Legal Encyclopedia: Labor
In this entry about 29-U.S.C.-1108, find legal reference material, bibliographies and premiere content related to labor in the American Encyclopedia of Law, presenting a comprehensive view of the United States labor-specific issues, written by authorities in the field.
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