Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

In re Amendment of Rule 1.15 of Pennsylvania Rules of Professional Conduct

Supreme Court of Pennsylvania

April 30, 2018

IN RE: AMENDMENT OF RULE 1.15 OF THE PENNSYLVANIA RULES OF PROFESSIONAL CONDUCT

         DISCIPLINARY RULES DOCKET

          ORDER

          PER CURIAM

         AND NOW, this 30th day of April, 2018, upon the recommendation of the Pennsylvania Interest on Lawyers Trust Account Board; the proposal having been submitted for public comment in the Pennsylvania Bulletin, 47 Pa.B. 1122 (February 25, 2017) and 47 Pa.B. 2181 (April 15, 2017):

         It is Ordered pursuant to Article V, Section 10 of the Constitution of Pennsylvania that Rule 1.15 of the Pennsylvania Rules of Professional Conduct is amended in the attached form.

         This Order shall be processed in accordance with Pa.R.J.A. No. 103(b), and the amendments herein shall be effective in 60 days.

         Additions are shown in bold and are underlined.

          THE COURTS

         Title 204-JUDICIAL SYSTEM GENERAL PROVISIONS

         PART V. PROFESSIONAL ETHICS AND CONDUCT

         [ 204 PA. CODE CH. 81 ] Subchapter A. RULES OF PROFESSIONAL CONDUCT Rule 1.15. Safekeeping Property.

         ***

         (v) Unclaimed or Unidentifiable IOLTA Funds

         (1)When a lawyer or law firm cannot, using reasonable efforts for a minimum of two (2) years, identify or locate the owner of funds in either its Pennsylvania IOLTA account or the Pennsylvania IOLTA account of a deceased lawyer whose estate is represented by the lawyer or law firm, it shall pay the funds to the Pennsylvania IOLTA Board. At the time such funds are remitted, the lawyer or law firm shall submit to the IOLTA Board the name and last known address of each person appearing from the lawyer's or law firm's records to be entitled to the funds, and the amount of unclaimed funds to which each owner is entitled, if known; the amount of any unidentifiable funds; and a description of the efforts undertaken to identify and locate the owner(s).

         (2) If, after making a payment of unclaimed or unidentifiable funds to the Pennsylvania IOLTA Board, the lawyer or law firm identifies and locates the owner of funds paid, the IOLTA Board shall refund the sum to the lawyer or law firm. The lawyer or law firm shall submit to the IOLTA Board a verification attesting that the funds have been returned to the owner. The IOLTA Board shall review claims submitted by purported owners of funds when the lawyer or law firm that originally remitted ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.