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1. A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for expenses that were properly incurred in the administration of the trust and, 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. The lien under this subsection does not apply to a common or collective fund that is exempt under 26 U.S.C. 584.
Cite this article: FindLaw.com - North Dakota Century Code Title 59. Trusts § 59-15-09. Reimbursement of expenses - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-59-trusts/nd-cent-code-sect-59-15-09.html
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