Unannotated Code of Maryland (Last Updated: May 16, 2014) |
BUSINESS OCCUPATIONS AND PROFESSIONS |
TITLE 10. LAWYERS |
SUBTITLE 3. TRUST MONEY |
PART I. ATTORNEY TRUST ACCOUNTS |
§ 10-305. Investment on direction of client or beneficial owner
Latest version.
-
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.