LEO: Trust Accounts - Signatory/Out of State LE Op. 724
Trust Accounts - Signatory/Out of State Office.
September 24, 1985
It is not improper for a licensed Virginia attorney who practices from a
District of Columbia office to maintain a trust account for his Virginia
clients in a bank or savings and loan association in the State of Virginia
if said financial institution agrees to comply with DR:9-103(B)(1).
It is not improper for an attorney to allow a person not licensed to
practice law in the State of Virginia to act as authorized signatory on a
Virginia trust account so long as the licensed Virginia attorney maintains
proper supervision and ultimate responsibility for the trust account. [
DR:9-102, DR:9-103, LE Op. 695]
Committee Opinion September 24, 1985
See also LE Op. 1238.