33-44-3-8. "Interest bearing attorney trust account"

IN Code § 33-44-3-8 (2019) (N/A)
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Sec. 8. "Interest bearing attorney trust account" means an account with a depository financial institution that is:

(1) unsegregated;

(2) interest bearing;

(3) for the deposit of qualified funds by an attorney; and

(4) capable of being drawn upon by the depositor in the same manner as a checking account that is not interest bearing.

[Pre-2004 Recodification Citation: 33-20-3-8.]

As added by P.L.98-2004, SEC.23.