Nebraska Statutes 30-3865. (UTC 709) Reimbursement of expenses
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(UTC 709) (a) A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:
Terms Used In Nebraska Statutes 30-3865
- Lien: A claim against real or personal property in satisfaction of a debt.
- Trustee: A person or institution holding and administering property in trust.
(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) 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.