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§ 10-305. Withdrawal and investment of trust funds

West's Annotated Code of MarylandBusiness Occupations and Professions

West's Annotated Code of Maryland
Business Occupations and Professions
Title 10. Lawyers (Refs & Annos)
Subtitle 3. Trust Money (Refs & Annos)
Part I. Attorney Trust Accounts
MD Code, Business Occupations & Professions, § 10-305
§ 10-305. Withdrawal and investment of trust funds
Currentness
Except for trust money that a lawyer is required to deposit in an attorney trust account that earns interest payable to the Maryland Legal Services Corporation, a lawyer may withdraw trust money from an attorney trust account and invest it:
(1) as the client or beneficial owner of the trust money instructs; or
(2) as the lawyer and the client or beneficial owner of the trust money agree.

Credits

Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Amended by Acts 1989, c. 502, § 2; Acts 1989, c. 632, § 3.
Formerly Art. 10, § 44.
MD Code, Business Occupations & Professions, § 10-305, MD BUS OCCUP & PROF § 10-305
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document