Full legislation
s.41U
Trustee’s expenses
(1) A trustee of a trust who has properly incurred expenses when acting on behalf of the trust— (a) is entitled to be reimbursed from the trust funds for those expenses; or (b) may pay for those expenses out of the trust funds. (2) This section applies to a trustee authorized to act in another capacity as it applies to any other trustee. (3) For the purpose of subsection (2), a trustee authorized to act in another capacity is a trustee who has been authorized, under a power conferred by Part 4A (appointment of agents, nominees and custodians), the instrument creating the trust or an enactment— (a) to exercise functions as a trustee’s agent; or (b) to act as a nominee or custodian.