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§ 10-311. Client Protection Fund; establishment and purpose

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: December 14, 2022

West's Annotated Code of Maryland
Business Occupations and Professions
Title 10. Lawyers (Refs & Annos)
Subtitle 3. Trust Money (Refs & Annos)
Part II. Client Protection Fund
Effective: December 14, 2022
MD Code, Business Occupations & Professions, § 10-311
§ 10-311. Client Protection Fund; establishment and purpose
Currentness
Administration, operation of Fund
(a) The Supreme Court of Maryland may adopt rules that:
(1) establish a Client Protection Fund of the Bar of Maryland;
(2) provide for the appointment of trustees to administer the Fund; and
(3) provide for the operation of the Fund.
Purpose of Fund
(b) The purpose of the Fund is to maintain the integrity of the legal profession by paying money to reimburse losses caused by defalcations of lawyers.
Annual fee requirements
(c) By rule, the Supreme Court of Maryland may:
(1) require a lawyer to pay an annual fee, not exceeding $20, to the Fund; and
(2) specify the penalties, including suspension and disbarment, for practicing law without having paid the annual fee.
Collection of money
(d) The Fund may raise and collect money through voluntary contributions or other means.

Credits

Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989. Amended by Acts 2002, c. 33, § 1, eff. July 1, 2002; Acts 2023, c. 49, § 6.
Formerly Art. 10, § 43.
MD Code, Business Occupations & Professions, § 10-311, MD BUS OCCUP & PROF § 10-311
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