N.C. Gen. Stat. » Chapter 32
NC General Statutes

N.C. Gen. Stat. § 32-58 (2026)

Reimbursement for expenses incurred

✓ current as of July 2026
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In addition to the compensation referred to in G.S. 32-54, the trustee shall be entitled to reimbursement out of the assets of the trust for expenses properly incurred or advanced in the administration of the trust and shall be empowered to pay the expenses from the assets of the trust without prior approval of the clerk of superior court. The court may allow reimbursement of other expenses incurred or advanced to which the trustee is entitled in equity and good conscience. The trustee shall have a lien on trust property to secure reimbursement, with reasonable interest, of expenses owed under this section. (2004-139, s. 2; 2007-106, s. 42.)

 

Notes of Decisions
Cited in 1 case, 2012–2012 · leading case: In re the Foreclosure of the Deed of Trust of Vogler Realty, Inc., 722 S.E.2d 459 (N.C. 2012).
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In re the Foreclosure of the Deed of Trust of Vogler Realty, Inc., 722 S.E.2d 459 (N.C. 2012). “(stating, for example, that “G.S. 32-58 would authorize the clerk of court, upon written request by a fiduciary other than the trustee, to determine reasonable compensation for that fiduciary, unless prohibited by the trust” (emphasis added)).”
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