Md. Code, Business Occupations and Professions § 10-301
Md. Code, Business Occupations and Professions § 10-301
in effect(a) In this Part I of this subtitle the following words have the meanings indicated.
(b) (1) “Attorney trust account” means an account that a lawyer or law firm maintains at a financial institution for the deposit of trust money.
(2) “Attorney trust account” includes an escrow account.
(c) “Beneficial owner” means a person, other than the client of a lawyer, for whose benefit a lawyer is entrusted to hold trust money.
(d) “Trust money” means a deposit, payment, or other money that a person entrusts to a lawyer to hold for the benefit of a client or a beneficial owner.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbo§ion=10-301&enactments=falseFetched: 10/16/2026