Bar Rules

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.

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