Rule 84 - Powers of Board of Governors1. The board of governors, in the name of the state bar, shall have the power to maintain a commercial banking account or savings account, or both, to deposit therein funds of the state bar, and invest funds of the state bar as in paragraph 11 hereof provided, and to make appropriations and disbursements from such funds to pay all necessary expenses for effectuating the purposes of Rules 49 to 204, inclusive, but no member of the board shall receive any other compensation than the necessary expenses connected with the performance of the duties as a member of the board.2. The board of governors shall have the power to establish, publish and maintain a bar journal and to pay necessary expenses in connection with the same. 3. The board of governors shall have the power to receive membership fees, bar application fees, advertising revenue and subscription fees in connection with publication of the bar journal, and other fees in connection with the administration of the state bar, and shall promptly deposit the same in a state bar commercial or savings account or invest as provided in paragraph 11 hereof. 4. The board of governors shall have the power to appoint such committees, officers and employees as it may deem necessary or proper, and fix and pay salaries and necessary expenses. 5. Subject to the laws of this state and the Supreme Court Rules, the board of governors shall have the power to formulate and declare rules and regulations necessary or expedient for the carrying out of Rules 49 to 204, inclusive, and shall fix the time and place of the annual meeting of the state bar, or special meetings thereof. 6. With the approval of the supreme court, the board shall have the power to formulate and enforce rules of professional conduct for all members of the state bar in this state. 7. Subject to Rules 49 to 75, inclusive, the board of governors shall have the power to govern the admission of members to the practice of law in this state. 8. The board of governors shall have the power to issue a recommended minimum fee schedule. 9. The board of governors shall have the power to aid in the advance of science of jurisprudence and in the improvement of the administration of justice, to promote reform in the law and in judicial procedure, to uphold and elevate the standard of honor, of integrity and of courtesy in the legal profession, to encourage higher and better education for membership in the profession, and to promote a spirit of cordiality and true friendship among the members of the bar. 10. The board of governors shall have further powers in the administration of the state bar as provided in Rule 76. 11. In addition to commercial banking or savings accounts, the board of governors shall have the power to invest surplus funds in any of the following investments: (a) Time certificates of deposit; (b) Bonds and debentures of the United States, the maturity dates of which shall not extend more than 10 years from the date of purchase; (c) Bills and Notes of the United States Treasury, the maturity date of which is not more than 10 years from date of purchase; (d) Obligations of the United States Postal Service or the Federal National Mortgage Association, the maturity date of which is not more than 10 years from the date of purchase; (e) Bonds of federal agencies, where underwritten by or payment is guaranteed by the United States. 12. The board of governors shall have the power to establish a committee for resolving fee disputes between attorney and client, and to make attorney arbitration of fee disputes mandatory. Any fee dispute system implemented by the board of governors shall provide that, except where the fee agreement has been established in a continuing relationship, if there is no written agreement between the attorney and the client, the attorney shall bear the burden of proof of all facts, and the attorney shall be entitled to receive no more than reasonable value of services for the work completed; or, if the failure to complete the work was caused by the client, for the work performed. There shall be a right to de novo review in the district court of all awards arising out of any fee dispute system implemented pursuant to this rule. Added; effective 5/27/1970; amended effective 1/2/1996; Amended effective 7/1/2021.