WILLIAM DONALD SCHAEFER, Governor

[(2)] (II) pay the net interest to the Maryland Legal
Services Corporation.

(2) A FINANCIAL INSTITUTION:

(I)  MAY NOT CHARGE AGAINST THE INDIVIDUAL
ACCOUNTS OF A LAWYER ANY SERVICE CHARGES FOR TRUST MONEYS IN ANY
ACCOUNT UNDER THIS SECTION; AND

(II)  MAY CHARGE TO THE MARYLAND LEGAL SERVICES
CORPORATION.

10-305.

Except for trust money that a lawyer [has chosen] IS
REQUIRED to deposit in an attorney trust account that earns
interest payable to the Maryland Legal Services Corporation, a
lawyer may withdraw trust money from an attorney trust account
and invest it:

(1)  as the client or beneficial owner of the trust
money instructs; or

(2)  as the lawyer and the client or beneficial owner
of the trust money agree.

10-307.

A lawyer who willfully violates any provision of this Part I
Of this subtitle, EXCEPT FOR THE REQUIREMENT THAT A LAWYER
DEPOSIT TRUST MONEYS IN AN ATTORNEY TRUST ACCOUNT FOR CHARITABLE
PURPOSES UNDER § 10-303 OF THIS SUBTITLE, is subject to
disciplinary proceedings as the Maryland Rules provide.

10-607.

(h) A person who willfully violates any provision of
Subtitle 3, Part I of this title, EXCEPT FOR THE REQUIREMENT THAT
A LAWYER DEPOSIT TRUST MONEYS IN AN ATTORNEY TRUST ACCOUNT FOR
CHARITABLE PURPOSES UNDER § 10-303 OF THIS TITLE, is guilty of a
misdemeanor and on conviction is subject to a fine not exceeding
$5,000 or imprisonment not exceeding 5 years or both.

SECTION 3. AND BE IT FURTHER ENACTED, That Section 1 of
this Act shall take effect July 1, 1989 and remain in effect
until the taking effect of Section 2.

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