75-7-709 - Reimbursement of expenses.
75-7-709. Reimbursement of expenses.
(1) A trustee is entitled to be reimbursed out of the trust property, with interest asappropriate, 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 werenot properly incurred in the administration of the trust.
(2) An advance by the trustee of money for the protection of the trust gives rise to a lienagainst trust property to secure reimbursement with reasonable interest.
Enacted by Chapter 89, 2004 General Session