Maintaining the Lawyers’ Fund

Lawyers' Fund for Client Protection Rules

Rule: 2

Jurisdiction: DE

Bluebook Citation: Del. LFCP R. 2

(a) Accounts. The Chair, with the assistance of the Executive Director, shall maintain the Lawyers’ Fund in such separate banking or investment accounts as the Trustees may from time to time direct in accordance with Supreme Court Rule 66 and these rules. (b) Disbursements. Checks or withdrawal authorizations on accounts maintained under Rule 2(a) shall be made only on the dual signatures of a Trustee and the Executive Director or two Trustees. A disbursement for the payment of a claim made under Rule 3 shall be made only upon the action of the Trustees in accordance with Rule 3(e). (c) Recordkeeping. The Chair, with the assistance of the Executive Director, shall insure that accurate records of all receipts and disbursements of the Lawyers’ Fund are kept. The Executive Director, or another person designated by the Chair, shall keep minutes of the meetings of the Trustees and shall furnish a copy thereof to each Trustee. The Executive Director shall maintain any other records and papers of the Trustees.

Chat with this court rule using AI

Ask CiteLaw's AI Navigator anything about this court rule, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.