Md. Code, Business Occupations and Professions § 10-312
Md. Code, Business Occupations and Professions § 10-312
in effect(a) The trustees appointed under § 10-311 of this subtitle shall:
(1) receive contributions to the Fund; and
(2) manage the assets of the Fund.
(b) To the extent the trustees consider reimbursement proper and reasonable, the trustees may use the Fund to reimburse a person for a loss that was caused by a defalcation of a lawyer if:
(1) the lawyer caused the loss while acting for the person as an attorney at law or a fiduciary; and
(2) the person cannot recover the money under a bond.
(c) The trustees may enforce a claim for restitution arising by subrogation, assignment, or otherwise against any person whose actions gave rise to a claim that the Fund pays.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbo§ion=10-312&enactments=falseFetched: 10/16/2026