Maryland Business Occupations and Professions Section 10-312

Article - Business Occupations and Professions

§ 10-312.

      (a)      The trustees appointed under § 10-311 of this subtitle shall:

            (1)      receive contributions to the Fund; and

            (2)      manage the assets of the Fund.

      (b)      To the extent the trustees consider reimbursement proper and reasonable, the trustees may use the Fund to reimburse a person for a loss that was caused by a defalcation of a lawyer if:

            (1)      the lawyer caused the loss while acting for the person as an attorney at law or a fiduciary; and

            (2)      the person cannot recover the money under a bond.

      (c)      The trustees may enforce a claim for restitution arising by subrogation, assignment, or otherwise against any person whose actions gave rise to a claim that the Fund pays.



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