Rule 39.1 - Client Security Commission(1)Commission. There is hereby created a Client Security Commission (commission), which has the duties and powers provided in this chapter.(2)Duties of commission. The commission has the following duties and powers as limited and defined in this chapter:a. To examine lawyer defalcations and breaches of Iowa Rules of Professional Conduct, the rules relating to the discipline of members of the Iowa bar, and to make recommendations to the supreme court concerning rule changes deemed necessary or desirable in this area.b. To assist the court in administering both preventive and remedial attorney disciplinary procedures contained in these rules or other court rules.c. To administer and operate the Clients' Security Trust Fund of the Bar of Iowa, as hereinafter created, designated as the "fund."(3)Appointment of commissioners. The supreme court will appoint five members of the Iowa bar and two laypersons who are residents of this state to the commission. All appointments will be for a term of four years, and any commissioner who has served two full terms is not eligible for reappointment. A vacancy occurring during a term will be filled by the supreme court for the unexpired portion thereof.(4)Organization and meetings. The commissioners must organize annually and elect from among their number a chair and a treasurer to serve for a one-year term and such other officers for such terms as they deem necessary or appropriate. Meetings thereafter will be held at the call of the chair or of the majority of the commissioners. Five commissioners will constitute a quorum and may transact all business except as may be otherwise provided by this chapter and chapter 40 of the Iowa Court Rules.(5)Regulations. The commission may adopt regulations, consistent with this chapter and subject to the approval of the supreme court, concerning all of the powers and duties granted to and imposed upon the commission by this chapter.(6)Reimbursement. The commissioners must serve without compensation but are entitled to reimbursement from the fund for their expenses reasonably incurred in the performance of their duties. Court Order December 5, 1973; December 15, 1994, effective 1/3/1995; 11/9/2001, effective 2/15/2002; 5/25/2004; 4/20/2005, and 7/1/2005, effective 7/1/2005; 12/13/2017, effective 1/1/2018.