Part V Remuneration
31 Trustees’ expenses.
1
A trustee—
a
is entitled to be reimbursed from the trust funds, or
b
may pay out of the trust funds,
expenses properly incurred by him when acting on behalf of the trust.
2
This section applies to a trustee who has been authorised under a power conferred by Part IV or any other enactment or any provision of subordinate legislation, or by the trust instrument—
a
to exercise functions as an agent of the trustees, or
b
to act as a nominee or custodian,
as it applies to any other trustee.