Ind. Code § 33-44-3-10

Current through P.L. 171-2024

Section 33-44-3-10 - "Qualified funds"

"Qualified funds" means money received by an attorney from a client or beneficial owner in a fiduciary capacity that, in the good faith judgment of the attorney, is:

(1) of such an amount; or

(2) reasonably expected to be held for such a short term;

that sufficient interest income will not be generated to justify the expense of administering a segregated account.

IC 33-44-3-10

Pre-2004 Recodification Citation: 33-20-3-10.

As added by P.L. 98-2004, SEC.23.