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NC S605
Bill
AI Summary
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Allows attorneys to designate which State Bar Council-approved programs receive interest generated from their IOLTA (Interest on Lawyers' Trust Account) accounts.
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Requires the State Bar Council to adopt rules permitting attorneys to select the recipient program from options already approved by the North Carolina Supreme Court.
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Makes the North Carolina State Bar's collection and disbursement rules for IOLTA funds subject to the new attorney designation provisions.
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Effective October 1, 2017.
Legislative Description
Attorney Options/IOLTA Funds
Last Action
Re-ref to Judiciary. If fav, re-ref to Rules and Operations of the Senate
4/5/2017
Committee Referrals
Rules and Operations of the Senate4/5/2017
Full Bill Text
No bill text available