Article 1022. Responsibility of the trustee.

1. The trustee, who did not show due care in the interests of the beneficiary or the founder of the management, reimburses to the beneficiary the loss of profit for the time of the trust management of the property, and the founder of the management of losses caused by loss of or damage to property, taking into account its normal wear and tear, as well as loss of property benefit. The trustee is liable for the losses incurred if he does not prove that these losses occurred as a result of force majeure or the actions of the beneficiary or the founder of the management. 2. Obligations under a transaction made by the trustee in excess of the powers granted to him or in violation of the restrictions established for him shall be borne by the trustee personally. If the third parties involved in the transaction did not know and should not have known about the excess of powers or about the established restrictions, the obligations arising are subject to execution in the manner prescribed by paragraph 3 of this article. In this case, the founder of the management may demand compensation from the trustee for losses incurred by him. 3. Debts on obligations arising in connection with the trust management of property shall be repaid at the expense of this property. In the event of insufficiency of this property, a penalty may be levied on the property of the trustee, and in case of insufficiency of its property, on the property of the founder of management, not transferred to trust management. 4. The contract of trust management of property may provide for the provision by the trustee of a pledge to secure compensation for damages that may be caused to the founder of the management or beneficiary by the improper performance of the agreement of trust management.

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References to other articles of chapter 53. Trust management of property:
Article 1012. The contract of trust management of property.
Article 1013. Object of trust management.
Article 1014. The founder of management.
Article 1015. Trustee.
Article 1016. The essential terms of the contract of trust management of property.
Article 1017. The form of the contract of trust management of property.
Article 1018. Segregation of property held in trust.
Article 1019. The transfer to trust management of property encumbered by a pledge.
Article 1020. Rights and obligations of a trustee.
Article 1021. Transfer of trust management of property.
Article 1023. Remuneration to the Trustee.
Article 1024. Termination of the contract of trust management of property.
Article 1025. Transfer of securities to trust management.
Article 1026. Trust management of property on the grounds provided by law.