Reimbursement of expenses.

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(1) A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:

  1. Expenses that were properly incurred in the administration of the trust; and

  2. To the extent necessary to prevent unjust enrichment of the trust, expenses that werenot 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.

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1172, § 1, effective January 1, 2019.


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