# Business Occupations and Professions (GBO)

## Title 10. Lawyers

### Subtitle 3. Trust Money

#### Section 10-312

(a) The trustees appointed under Sec. 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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Md. Code Ann., Bus. Occ. & Prof. (as displayed at mgaleg.maryland.gov, October 16, 2026)