Section 114.063 - General Right to Reimbursement(a) A trustee may discharge or reimburse himself from trust principal or income or partly from both for:(1) advances made for the convenience, benefit, or protection of the trust or its property;(2) expenses incurred while administering or protecting the trust or because of the trustee's holding or owning any of the trust property; and(3) expenses incurred for any action taken under Section 113.025.(b) The trustee has a lien against trust property to secure reimbursement under Subsection (a).(c) A potential trustee is entitled to reimbursement from trust principal or income or partly from both for reasonable expenses incurred for any action taken under Section 113.025(a) if: (1) a court orders reimbursement or the potential trustee has entered into a written agreement providing for reimbursement with the personal representative of the estate, the trustee of the trust, the settlor, the settlor's attorney-in-fact, the settlor's personal representative, or the person or entity designated in the trust instrument or will to appoint a trustee; and(2) the potential trustee has been appointed trustee under the terms of the trust instrument or will or has received a written request to accept the trust from the settlor, the settlor's attorney-in-fact, the settlor's personal representative, or the person or entity designated in the trust instrument or will to appoint a trustee.Tex. Prop. Code § 114.063
Amended by Acts 1993, 73rd Leg., ch. 846, Sec. 31, eff. 9/1/1993.Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. 1/1/1984.