# Business Occupations and Professions (GBO)

## Title 10. Lawyers

### Subtitle 3. Trust Money

#### Section 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.

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Md. Code Ann., Bus. Occ. & Prof. (as displayed at mgaleg.maryland.gov, October 16, 2026)