§ 10-312
119 words·~1 min read·
/md/business-occupations-and-professions/10-312·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–312.
(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.