Reimbursement of expenses

15-5-709. Reimbursement of expenses. (1) A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for: (a) Expenses that were properly incurred in the administration of the trust; and (b) To the extent necessary to prevent unjust enrichment of the trust, expenses that were not properly incurred in the administration of the trust. (2) A reasonable 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. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1172, � 1, effective January 1, 2019. PART 8 DUTIES AND POWERS OF TRUSTEE Law reviews: For article, Holding Closely Held Business Assets in Trust, see 49 Colo. Law. 49 (Mar. 2020).