Credit: Feodora/Adobe Stock Massachusetts High Court Amends Rules Regarding Disposition of Unclaimed IOLTA Funds
The amendments were adopted in response to the court's decision in the Matter of Olchowski (2020), which posed the question concerning the proper disposition of unidentified client funds on deposit in an Interest on Lawyers' Trust Account.
January 19, 2024 at 05:57 PM
2 minute read
The Massachusetts Supreme Judicial Court has issued an order amending Rules 1.15 and 1.15A of the state Rules of Professional Conduct regarding procedures for lawyers to follow when they discover the owner of funds in a trust account cannot be located.
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