Indiana Code 33-44-3-10. “Qualified funds”
Current as of: 2024 | Check for updates
|
Other versions
Sec. 10. “Qualified funds” means money received by an attorney from a client or beneficial owner in a fiduciary capacity that, in the good faith judgment of the attorney, is:
(2) reasonably expected to be held for such a short term;
(1) of such an amount; or
Terms Used In Indiana Code 33-44-3-10
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Fiduciary: A trustee, executor, or administrator.
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
that sufficient interest income will not be generated to justify the expense of administering a segregated account.
[Pre-2004 Recodification Citation: 33-20-3-10.]
As added by P.L.98-2004, SEC.23.