{"data":{"id":"us-md/md.-code-business-occupations-and-professions-10-301","jurisdiction":"us-md","citation":"Md. Code, Business Occupations and Professions § 10–301","heading":"","body":"(a) In this Part I of this subtitle the following words have the meanings indicated.\n(b) (1) “Attorney trust account” means an account that a lawyer or law firm maintains at a financial institution for the deposit of trust money.\n(2) “Attorney trust account” includes an escrow account.\n(c) “Beneficial owner” means a person, other than the client of a lawyer, for whose benefit a lawyer is entrusted to hold trust money.\n(d) “Trust money” means a deposit, payment, or other money that a person entrusts to a lawyer to hold for the benefit of a client or a beneficial owner.","path":["Article - Business Occupations and Professions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbo\u0026section=10-301","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:13Z","sha256":"ee9f3964cb4e7d65aa45d0ca2597eb4b7f15ae06daa0eb97cbe8049a0bc0b8fc","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-occupations-and-professions-10-218","next":"us-md/md.-code-business-occupations-and-professions-10-302"},"notice":"GroundRules: Original legal text. Not legal advice."}