Oklahoma § 60-1607.9 Reimbursement of expenses.

Oklahoma Statutes

§ 60-1607.9 — Reimbursement of expenses.

Oklahoma § 60-1607.9

Title 60Property

This text of Oklahoma § 60-1607.9 (Reimbursement of expenses.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 60, § 60-1607.9 (2026).

Text

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. ARTICLE 8 DUTIES AND POWERS OF TRUSTEE

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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. ARTICLE 8 DUTIES AND POWERS OF TRUSTEE