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PA Bulletin, Doc. No. 96-1568

THE COURTS

Title 204--JUDICIAL SYSTEM GENERAL PROVISIONS

PART V.  PROFESSIONAL ETHICS AND CONDUCT

[204 PA. CODE CH. 83]

Establishment of an Interest on Lawyer Trust Accounts Program; No. 252; Doc. No. 3

[26 Pa.B. 4519]

Amendatory Order

Per Curiam:

   And Now, this 29th day of August, 1996, Rule 221(a) of the Order of this Court entered on July 17, 1996, is amended to read as follows.

Annex A

TITLE 204.  JUDICIAL SYSTEM GENERAL PROVISIONS

PART V.  PROFESSIONAL ETHICS AND CONDUCT

Subpart B.  DISCIPLINARY ENFORCEMENT

CHAPTER 83.  PENNSYLVANIA RULES OF DISCIPLINARY ENFORCEMENT

Subchapter B.  MISCONDUCT

Rule 221.  Mandatory overdraft notification.

   (a)  For purposes of this rule, a fiduciary account of an attorney is:

   (1)  an IOLTA Account as defined in Rule 1.15(d)(3) of the Pennsylvania Rules of Professional Conduct; or

   (2)  any other account maintained in a financial institution in which or with respect to which an attorney holds funds:

   (i)  of a client;

   (ii)  in a fiduciary capacity customary to the practice of law, such as administrator, executor, trustee or an express trust, guardian or conservator; or

   (iii)  as an escrow agent or other fiduciary, having been so selected as a result of a client-attorney relationship.

*      *      *      *      *

[Pa.B. Doc. No. 96-1568. Filed for public inspection September 20, 1996, 9:00 a.m.]


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