Maine Statutes

§ 18-B §709 — Reimbursement of expenses

Maine·Title 18-B TRUSTS·Part 1 MAINE UNIFORM TRUST CODE·Ch. 7 OFFICE OF TRUSTEE
1.Reimbursement. A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:
2.Advance by trustee. 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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Legislative History

PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).

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