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.
2005, c. 935, § 55-547.09; 2012, c. 614.