§ 7769. Reimbursement of expenses - UTC 709.
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/pa/title-20/chapter-77/7769A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7769. Reimbursement of expenses - UTC 709.
(a)Reimbursement from trust property.-- 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 were not properly incurred in the administration of the trust.
(b)Advance.-- 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.
20c7770s