Section 15-5-709 - 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.(2) A reasonable 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.Added by 2018 Ch. 169, § 1, eff. 1/1/2019.L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1172, § 1, effective 1/1/2019.