§ 10-301
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/md/business-occupations-and-professions/10-301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–301.
(a)In this Part I of this subtitle the following words have the meanings indicated.
(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.