D.C. Code § 19-1307.09
Reimbursement of expenses.
Effective Mar 10, 2004Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208
(a) 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) 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.
History
Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208
Editor's Notes
Uniform Law: This section is based upon § 709 of the Uniform Trust Code.