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RULE 19-403. DUTY TO MAINTAIN ACCOUNT

West's Annotated Code of MarylandMaryland Rules

West's Annotated Code of Maryland
Maryland Rules
Title 19. Attorneys
Chapter 400. Attorney Trust Accounts
MD Rules Attorneys, Rule 19-403
RULE 19-403. DUTY TO MAINTAIN ACCOUNT
An attorney or the attorney's law firm shall maintain one or more attorney trust accounts for the deposit of funds received from any source for the intended benefit of clients or third persons. The account or accounts shall be maintained in this State, in the District of Columbia, or in a state contiguous to this State, and shall be with an approved financial institution. Unless an attorney maintains such an account, or is a member of or employed by a law firm that maintains such an account, an attorney may not receive and accept funds as an attorney from any source intended in whole or in part for the benefit of a client or third person.
Source: This Rule is derived from former Rule 16-603 (2016).

Credits

[Adopted June 6, 2016, eff. July 1, 2016.]
MD R Attorneys, Rule 19-403, MD R ATTORNEYS Rule 19-403
Current with amendments received through December 15, 2019.
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