Good Faith Judgment Concerning Deposit of Funds; Attorney Liability

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Sec. 8. An attorney:

(1) does not breach a fiduciary duty;

(2) is not liable in damages; and

(3) is not subject to disciplinary action;

because of a deposit of money in an interest bearing attorney trust account if the attorney acted in accordance with a good faith judgment that the money constituted qualified funds.

[Pre-2004 Recodification Citation: 33-20-5-8.]

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


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