Rule 15-101. BANK ACCOUNTS.
State Bar Programs / Part XV - Georgia Bar Foundation / CHAPTER 1 - IOLTA ACCOUNTS / Rule 15-101. BANK ACCOUNTS.
(a) Every lawyer who practices law in Georgia, whether as a sole practitioner or as a member of a firm, association or professional corporation, who receives money or other property on behalf of a client or in any other fiduciary capacity shall maintain or have available an interest-bearing trust account or accounts.
(b) An “IOLTA Account” is a trust account benefiting the Foundation. The interest generated by an IOLTA Account shall be paid to the Georgia Bar Foundation, Inc. as hereinafter provided.
GO TO Rule 15-102. DEFINITIONS. Return to handbook browser.