2015 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
501C.0709 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) expenses that were not properly incurred in the administration of the trust, to the extent necessary to prevent unjust enrichment 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.
History:
Official Publication of the State of Minnesota
Revisor of Statutes