South Carolina § 62-7-709 - Reimbursement of expenses.
Full text of South Carolina South Carolina Code of Laws § 62-7-709 — Reimbursement of expenses., with citation guidance and answers to common questions.
§ 62-7-709. Reimbursement of expenses.
(a) A trustee is entitled to be reimbursed out of the trust property, with interest at the legal rate 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) 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.
(c) A prospective trustee is entitled to be reimbursed from trust property for expenses reasonably incurred by the prospective trustee pursuant to Section 62-7-701(c) to protect or investigate the trust assets before deciding whether or not to accept the trusteeship.
HISTORY: 2005 Act No. 66, SECTION 1; 2010 Act No. 244, SECTION 52, eff June 7, 2010; 2013 Act No. 100, SECTION 2, eff January 1, 2014.
Effect of Amendment
The 2010 amendment added subsection (c) relating to reimbursement of prospective trustees for certain expenses.
Part 8
Duties and Powers of Trustee
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 62-7-709
What does South Carolina Code of Laws § 62-7-709 cover?
Section 62-7-709 ("Reimbursement of expenses.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 62-7-709?
A common citation format is "South Carolina Code of Laws § 62-7-709" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 62-7-709 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.