Arizona § 14-10709 Reimbursement of expenses

Arizona Statutes

§ 14-10709 — Reimbursement of expenses

Arizona·Title 14 Arizona Revised Statutes·Ch. 11 ARIZONA TRUST CODE·Art. 7 Office of Trustee

A.A trustee is entitled to be reimbursed out of the trust property, with reasonable interest, for:

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

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.

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A. A trustee is entitled to be reimbursed out of the trust property, with reasonable interest, for:

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

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.

Arizona § 14-10709 (Reimbursement of expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.