Rule 2 - Approval of Financial InstitutionsA. Indiana Admission and Discipline Rule 23, Section 29(a)(1) requires that attorneys maintain trust accounts only in financial institutions that are approved by the Disciplinary Commission. A financial institution shall be approved by the Disciplinary Commission as a depository for trust accounts if it files with the Disciplinary Commission a written agreement, in the form attached hereto as Exhibit A, whereby it agrees to report to the Disciplinary Commission whenever it has actual notice that any properly payable instrument is presented against a trust account containing insufficient funds, irrespective of whether or not the instrument is honored. B. The written agreement of any financial institution is binding upon all branches of the financial institution. C. The Disciplinary Commission will maintain a public listing of all approved financial institutions and will publish it on its website. The names of approved financial institutions will also be available by written or telephone inquiry to the Disciplinary Commission. D. The written agreement of any financial institution will continue in full force and effect and be binding upon the financial institution until such time as the financial institution gives thirty (30) days notice of cancellation in writing to the Disciplinary Commission, or until such time as its approval is revoked by the Disciplinary Commission. Ind. R. Att'y Trust Acct. 2
Adopted Dec. 23, 1996, effective 7/1/1997; amended Sept. 20, 2011, effective 1/1/2012.