Mass. Gen. Laws ch. 203E § 709

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 203E:709 - Reimbursement of expenses
(a) A trustee shall be 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 shall give rise to a lien against trust property to secure reimbursement with reasonable interest.

Mass. Gen. Laws ch. 203E, § 709

Added by Acts 2012, c. 140,§ 56, eff. 7/8/2012.