Uniform Trust Code

ORS 130.640
UTC 709. Reimbursement of expenses


(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. [2005 c.348 §58]

Law Review Citations

42 WLR 187 (2006)

Chapter 130

Law Review Citations

42 WLR 187 (2006)


Source

Last accessed
Jun. 26, 2021