Rule 19-603 - Appointment, Compensation, Meetings of Trustees(a)Number of Trustees. The Supreme Court shall appoint nine individuals to be the trustees of the Client Protection Fund. Eight of the trustees shall be members of the Maryland Bar. One individual shall not be an attorney.(b)Geographic Appointment. One trustee who is a member of the Maryland Bar shall be appointed from each of the seven appellate judicial circuits. The other two trustees shall be appointed at large.(c)Term. The term of each trustee is seven years. A trustee may be removed by the Court at any time. In the event of a vacancy, the Court shall appoint a successor trustee for the unexpired term.(d)Compensation; Expenses. The trustees shall serve without compensation, but unless no other source of funds is available, shall be entitled to reimbursement from the Fund for their expenses reasonably incurred in the performance of their duties as trustees, including transportation costs.(e) Meetings. Meetings of the trustees shall be held at the call of the chair or a majority of the trustees on reasonable notice. The trustees shall meet at least once each year.(f)Quorum.(1) Five trustees shall constitute a quorum. Except as otherwise provided by these Rules, a majority of the trustees present at a duly constituted meeting may exercise any powers held by the trustees.(2) The trustees' powers under Rule 19-604(a) may be exercised only by the affirmative vote of at least five trustees. This Rule is derived from former Rule 16-811.3(2016).
Adopted June 6, 2016, eff. 7/1/2016; amended April 21, 2023, eff. 4/1/2023.