Colorado § 15-5-709 Reimbursement of expenses

Colorado Statutes

§ 15-5-709 — Reimbursement of expenses

Colorado·Title 15 Probate,·Art. Colorado Uniform Trust Code

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

(a)Expenses that were properly incurred in the administration of the trust; and

(b)To the extent necessary to prevent unjust enrichment of the trust, expenses that were not 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.

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

(a) Expenses that were properly incurred in the administration of the trust;
and

(b) To the extent necessary to prevent unjust enrichment of the trust,
expenses that were not 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.

Colorado § 15-5-709 (Reimbursement of expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.