Wyoming § 4-10-709 Reimbursement of expenses

Wyoming Statutes

§ 4-10-709 — Reimbursement of expenses

Wyoming·Title 04 Fiduciaries·Ch. 10 UNIFORM TRUST CODE·Art. 7 TRUSTEES, TRUST ADVISORS AND TRUST PROTECTORS

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

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

(ii)Expenses that were properly incurred in responding to an objection to a proposed change in the method or rate of the trustee's compensation; and

(iii)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.

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(a) A trustee is entitled to be reimbursed out of the
trust property, with interest, as appropriate, for:
(i) Expenses that were properly incurred in the
administration of the trust;
(ii) Expenses that were properly incurred in
responding to an objection to a proposed change in the method or
rate of the trustee's compensation; and
(iii) 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.

Wyoming § 4-10-709 (Reimbursement of expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.