Rule 1.15C - Use of Trust Accounts by LLPs Practicing in Firms Without Lawyers(a) An LLP practicing in a firm without a lawyer shall not use any debit card or automated teller machine card to withdraw funds from a trust account. Cash withdrawals from trust accounts and checks drawn on trust accounts payable to "Cash" are prohibited. All trust account funds intended for deposit shall be deposited intact without deductions or "cash out" from the deposit, and the duplicate deposit slip that evidences the deposit shall be sufficiently detailed to identify each item deposited.(b) All trust account withdrawals and transfers shall be made only by an LLP or by a person supervised by such LLP. Such withdrawals and transfers may be made only by authorized bank or wire transfer or by check payable to a named payee. Only an LLP or a person supervised by such LLP shall be an authorized signatory on a trust account.(c) No less than quarterly, an LLP or a person supervised by such LLP shall reconcile the trust account records both as to individual clients or other persons and in the aggregate with the bank statements issued by the bank in which the trust account is maintained.Colo. Lic. Paraprofe. R. Profe. Cond. 1.15C
Amended and Adopted by the Court, En Banc, April 13, 2023, effective 7/1/2023.