Amendment to Rules Allows Trust Accounts in Credit Unions

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On November 9, 2017 the Florida Supreme Court issued an opinion amending the Rules Regulating The Florida Bar

Among others, Bar Rule 5-1.1 (Trust Accounts) has been amended to allow lawyers to maintain trust accounts in federally insured credit unions.

The amendments shall become effective on February 1, 2018, at 12:01 a.m.

The full opinion is available at: SC16-1961 In Re: Amendments to the Rules Regulating The Florida Bar (Biennial Petition)

For more Supreme Court opinions visit http://www.floridasupremecourt.org/ and select ‘Court Opinions.’