Title 75 - Utah Uniform Probate Code - Chapter 7 - Utah Uniform Trust Code - Part 7 - Office of Trustee - Section 709 - Reimbursement of expenses.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

Utah Code

Page 1

75-7-709 Reimbursement of expenses. (1) A trustee is entitled to be reimbursed out of the trust property, with interest as 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) 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.

Enacted by Chapter 89, 2004 General Session