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.
Structure Indiana Code
Title 33. Courts and Court Officers
Article 44. Interest Bearing Attorney Trust Accounts
Chapter 5. Participation by Attorneys
33-44-5-1. Application of Chapter
33-44-5-2. Attorneys Not Subject to Article
33-44-5-3. Written Statement of Attorney; Procedure
33-44-5-4. Presumption if Written Statement Not Filed
33-44-5-5. Placement of Funds; Interest Bearing Attorney Trust Account
33-44-5-6. Qualified Funds; Determination by Attorney
33-44-5-7. Determination of Qualified Funds; Considerations
33-44-5-8. Good Faith Judgment Concerning Deposit of Funds; Attorney Liability