Oregon § 130.640 UTC 709. Reimbursement of expenses

Oregon Statutes

§ 130.640 — UTC 709. Reimbursement of expenses

Oregon § 130.640

Vol.3

Title 13Protective Proceedings; Powers of Attorney; Trusts

Ch. 130Uniform Trust Code

This text of Oregon § 130.640 (UTC 709. Reimbursement of expenses) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 130.640 (2026).

Text

(1)A trustee is entitled to be reimbursed out of the trust property, with reasonable interest if 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 trustee is entitled to be reimbursed out of the trust property or from property that has been distributed from the trust, with reasonable interest, for an advance of money made by the trustee for the protection of the trust.

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(1) A trustee is entitled to be reimbursed out of the trust property, with reasonable interest if 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 trustee is entitled to be reimbursed out of the trust property or from property that has been distributed from the trust, with reasonable interest, for an advance of money made by the trustee for the protection of the trust.