Eligible Institutions for Fiduciary Funds

The Supreme Court has published an updated list of the financial institutions which are “eligible institutions” in which lawyers may deposit funds held by the lawyer as a personal representative, guardian, conservator, receiver, trustee, agent under a durable power of attorney, or other similar position.  (See Pa.R.D.E. 221(b) and Pa.R.P.C. 1.15(a)(2).)  “Financial Institutions Approved as Depositories for Fiduciary Accounts; No. 156 Disciplinary Rules Doc.,” 48 Pa.B. 981 (2/17/2018).

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