1783 Amendment of Rule 1.15(g) of the rules of professional conduct; no. 474 disciplinary doc. no. 3

Title 204--JUDICIAL SYSTEM GENERAL PROVISIONS

PART V.  PROFESSIONAL ETHICS AND CONDUCT

[204 PA. CODE CH. 81]

Amendment of Rule 1.15(g) of the Rules of Professional Conduct; No. 474 Disciplinary Doc. No. 3

[28 Pa.B. 5479]

Order

Per Curiam:

   And Now, this 15th day of October, 1998, Rule 1.15(g) of the Rules of Professional Conduct is amended to read as follows hereto.

   To the extent that notice of proposed rulemaking would be required by Rule 103 of the Pennsylvania Rules of Judicial Administration or otherwise, the immediate amendment of Rule 1.15(g) is hereby found to be required in the interest of justice and efficient administration.

   This Order shall be effective immediately and shall be processed in accordance with Rule 103(b) of the Pennsylvania Rules of Judicial Administration.

Annex A

TITLE 204.  JUDICIAL SYSTEM GENERAL PROVISIONS

PART V.  PROFESSIONAL ETHICS AND CONDUCT

Subpart A.  PROFESSIONAL RESPONSIBILITY

CHAPTER 81.  RULES OF PROFESSIONAL CONDUCT

Subchapter A.  RULES OF PROFESSIONAL
CONDUCT
CLIENT-LAWYER RELATIONSHIP

§ 81.4.  Rules of Professional Conduct.

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Rule 1.15.  Safekeeping Property.

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   (g)  There is hereby created the Pennsylvania Interest On Lawyers Trust Account Board (herein called the IOLTA Board), which shall administer the IOLTA program. The IOLTA Board shall consist of nine members who shall be appointed by the Supreme Court. Two of the appointments shall be made [exclusively] from a list provided to [it] the Supreme Court by the Pennsylvania Bar Association in accordance with its own rules and regulations. [The] With respect to these two appointments, the Pennsylvania Bar Association shall submit three names to the Supreme Court [for every vacancy on the IOLTA Board], from which the Court shall make its final selections. The term of each member shall be three years and no member shall be appointed for more than two consecutive three year terms. The Supreme Court shall appoint a Chairperson. In order to administer the IOLTA program, the IOLTA Board shall promulgate rules and regulations consistent with this Rule for approval by the Supreme Court. Additionally, upon approval of the Supreme Court, the IOLTA Board shall distribute and/or expend IOLTA funds for the purpose set forth in this Rule. The IOLTA Board shall comply with the following:

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[Pa.B. Doc. No. 98-1783. Filed for public inspection October 30, 1998, 9:00 a.m.]