§ 10–312
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Occ. & Prof. § 10-312 (2026)
Title 10. Lawyers
Subtitle 3. Trust Money
§ 10–312LinkCopy Citation
(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.