Tex. Property Code § 114.063
GENERAL RIGHT TO REIMBURSEMENT
Texas · Texas Property Code · Status: effective
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- Citation
- Tex. Property Code § 114.063, GENERAL RIGHT TO REIMBURSEMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/565012
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Full text
(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.