Limitation on payment

A. All payments from the Fund shall be a matter of grace and not of right and shall be in the sole discretion of the Committee. No client or member of the public shall have any right in the Fund as a third-party beneficiary or otherwise. B. The maximum amount that any one applicant may recover from the Fund arising from an instance or course of dishonest conduct is one-hundred thousand dollars ($100,000). C. The aggregate maximum amount that all applicants may recover arising from an instance or course of dishonest conduct is two-hundred seventy thousand dollars ($270,000). [Amended eff. 1-14-2011; Amended eff. 3-1-2024] Note from the reporter of decisions: The order amending the Alabama State Bar Client Security Fund Rules, effective January 14, 2011, is published in that volume of the Alabama Reporter that contains Alabama cases from So. 3d. Note from the reporter of decisions: The order amending Rule IX, Alabama State Bar Client Security Fund Rules, effective March 1, 2024, is published in that volume of Alabama Reporter that contains Alabama cases from __ So. 3d.