Maryland Business Occupations and Professions Section 10-301

Article - Business Occupations and Professions

§ 10-301.

      (a)      In this Part I of this subtitle the following words have the meanings indicated.

      (b)      (1)      "Attorney trust account" means an account that a lawyer or law firm maintains at a financial institution for the deposit of trust money.

            (2)      "Attorney trust account" includes an escrow account.

      (c)      "Beneficial owner" means a person, other than the client of a lawyer, for whose benefit a lawyer is entrusted to hold trust money.

      (d)      "Trust money" means a deposit, payment, or other money that a person entrusts to a lawyer to hold for the benefit of a client or a beneficial owner.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.