Term
| Rule 1.15: Safeguarding the Client's Money and Property: General Rule |
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Definition
| WHen money or property belonging to a client comes into a lawyer's hands, the lawyer MUST not steal it, borrow it, or put it to the lawyer's own use. Furthermore, te lawyer MUST keep it separated from the lawyer's own money and property. A lawyer is subject to discipline for commingling the client's money or property with the lawyer's own personal or business funds or property. |
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Term
| Client Trust Fund Account |
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Definition
| ALL MONEY that a lawyer receives ON BEHALF OF A CLIENT MUST promptly be placed in a client trust fund account, separate from teh lawyer's own epersonal and business accounts. |
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Term
| Rule 1.15(a): Type of Account |
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Definition
| The client trust fund account MUST be located in the state where the lawyer practices, but may be elsewhere if the client consents. |
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Term
| Rule 1.15(b): Type of Account |
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Definition
| Ordinarily, a lawyer MUST never put her own money or her firm's money into the client trust account, but she MAY put some of her own money into that account for the sole purpose of paying bank service charges. |
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