Tennessee § 35-15-709 Reimbursement of expenses

Tennessee Statutes

§ 35-15-709 — Reimbursement of expenses

Tennessee § 35-15-709

Title35

This text of Tennessee § 35-15-709 (Reimbursement of expenses) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 35-15-709 (2026).

Text

(a)A trustee, trust advisor or trust protector 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, either by the trustee, trust advisor or trust protector or by a person named in § 35-15-701(c)(1) , 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, trust advisor or trust protector 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, either by the trustee, trust advisor or trust protector or by a person named in § 35-15-701(c)(1) , of money for the protection of the trust gives rise to a lien against trust property to secure reimbursement with reasonable interest.