Title 75B
Chapter 2
Part 7
Section 709
Effective 5/7/2025
75B-2-709.
Reimbursement of expenses.
| (1) | A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:
| (a) | expenses that were properly incurred in the administration of the trust; and |
| (b) | to the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust. |
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| (2) | An advance by the trustee of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest. |
Renumbered and Amended by Chapter
310, 2025 General Session