The Massachusetts Supreme Judicial Court docket has issued an order amending Guidelines 1.15 and 1.15A of the state Guidelines of Skilled Conduct concerning procedures for attorneys to comply with after they uncover the proprietor of funds in a belief account can’t be situated.
If an legal professional discovers the proprietor of the funds in an Curiosity on Legal professionals’ Belief Account can’t be situated or recognized, the amendments present procedures to switch these funds to the Massachusetts IOLTA Committee. The amendments will go into impact Sept. 1, in response to an announcement by the SJC.
