Md. Code, Business Occupations and Professions § 10-312
This is the official text of Md. Code, Business Occupations and Professions § 10-312, part of Maryland’s Code, Business Occupations and Professions — governs professional and occupational licensing.
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§10–312.
Official statutory text
(a) The trustees appointed under § 10-311 of this subtitle shall:
(1) receive contributions to the Fund; and
(2) manage the assets of the Fund.
(b) To the extent the trustees consider reimbursement proper and reasonable, the trustees may use the Fund to reimburse a person for a loss that was caused by a defalcation of a lawyer if:
(1) the lawyer caused the loss while acting for the person as an attorney at law or a fiduciary; and
(2) the person cannot recover the money under a bond.
(c) The trustees may enforce a claim for restitution arising by subrogation, assignment, or otherwise against any person whose actions gave rise to a claim that the Fund pays.
(1) receive contributions to the Fund; and
(2) manage the assets of the Fund.
(b) To the extent the trustees consider reimbursement proper and reasonable, the trustees may use the Fund to reimburse a person for a loss that was caused by a defalcation of a lawyer if:
(1) the lawyer caused the loss while acting for the person as an attorney at law or a fiduciary; and
(2) the person cannot recover the money under a bond.
(c) The trustees may enforce a claim for restitution arising by subrogation, assignment, or otherwise against any person whose actions gave rise to a claim that the Fund pays.
Status: in_force · Read it on the official government site
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