Va. Code § 64.2-762

Current with changes from the 2024 legislative session through ch. 845
Section 64.2-762 - Reimbursement of expenses
A. A trustee 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 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.

Va. Code § 64.2-762

2005, c. 935, § 55-547.09; 2012, c. 614.
Amended by Acts 2012, c. 614.
Amended by Acts 2005, c. 935, § 55-547.09.