Me. Stat. tit. 18-B § 709

Current through 131st (2023-2024) Legislature Chapter 684
Section 709 - Reimbursement of expenses
1.Reimbursement. 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 [2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]
B. To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust. [2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]

[2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]

2.Advance by trustee. 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.

[2003, c. 618, Pt. A, §1(NEW); 2003, c. 618, Pt. A, §2(AFF).]

18-B M.R.S. § 709

2003, c. 618, §A1 (NEW) . 2003, c. 618, §A2 (AFF) .