20 Pa. C.S. § 7769

Current through Pa Acts 2024-53, 2024-56 through 2024-64
Section 7769 - Reimbursement of expenses - UTC 709
(a) Reimbursement from trust property.--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) Advance.--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.

20 Pa.C.S. § 7769

2006, July 7, P.L. 625, No. 98, §9, effective in 120 days [ 11/6/2006].