Section 10-305 - Investment on direction of client or beneficial owner.
§ 10-305. Investment on direction of client or beneficial owner.
Except for trust money that a lawyer 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.
[An. Code 1957, art. 10, § 44; 1989, ch. 3, § 1; ch. 502, § 2; ch. 632, § 3.]