Maryland Statutes
Part I - Attorney Trust Accounts
Section 10-301 - Definitions

(a)    In this Part I of this subtitle the following words have the meanings indicated.
    (b)    (1)    “Attorney trust account” means an account that a lawyer or law firm maintains at a financial institution for the deposit of trust money.
        (2)    “Attorney trust account” includes an escrow account.
    (c)    “Beneficial owner” means a person, other than the client of a lawyer, for whose benefit a lawyer is entrusted to hold trust money.
    (d)    “Trust money” means a deposit, payment, or other money that a person entrusts to a lawyer to hold for the benefit of a client or a beneficial owner.

Structure Maryland Statutes