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§ 33-44-3-10 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 33 - Courts and Court Officers/
  5. Article 44 - Interest Bearing Attorney Trust Accounts/
  6. Chapter 3 - Definitions33-44-3-1. Definitions; Application/
  7. § 33-44-3-10
Indiana Legal Code

§ 33-44-3-10

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'Qualified funds' means money received by an attorney from a client or beneficial owner in a fiduciary capacity that, in the good faith judgment of the attorney, is:(1) of such an amount; or(2) reasonably expected to be held for such a short term;that sufficient interest income will not be generated to justify the expense of administering a segregated account.[Pre-2004 Recodification Citation: 33-20-3-10.]As added by P.L.98-2004, SEC.23.