CO · rules
Colo. RPC 1.15C
Use of Trust Accounts
(a) A lawyer shall not use any debit card or automated teller machine card to withdraw
funds from a trust account. Cash withdrawals from trust accounts and checks drawn on
trust accounts payable to ‘‘Cash’’ are prohibited. All trust account funds intended for
deposit shall be deposited intact without deductions or ‘‘cash out’’ from the deposit, and
the duplicate deposit slip that evidences the deposit shall be sufficiently detailed to identify
each item deposited.
(b) All trust account withdrawals and transfers shall be made only by a lawyer
admitted to practice law in this state or by a person supervised by such lawyer. Such
withdrawals and transfers may be made only by authorized bank or wire transfer or by
check payable to a named payee. Only a lawyer admitted to practice law in this state or a
person supervised by such lawyer shall be an authorized signatory on a trust account.
(c) No less than quarterly, a lawyer admitted to practice law in this state or a person
supervised by such a lawyer shall reconcile the trust account records both as to individual
clients or other persons and in the aggregate with the bank statements issued by the bank
in which the trust account is maintained.
Note: See comments following Rule 1.15A.
History
Source: Repealed Rule 1.15 and readopted as Rules 1.15A - 1.15E, effective June 17, 2014. ANNOTATION Conduct violating this rule in conjunction with other disciplinary rules is sufficient to justify disbarment. People v. Breuer, 470 P.3d 706 (Colo. O.P .D.J. 2017).
Provenance
- Source
- content.leg.colorado.gov
- Retrieved
- 2026-09-15
- Edition
- 2026-09-15
- Content hash
04573f7cc3d2b9aea6f79083fcbc73848e8872c7728e77b3c3b56e83ee95d65c
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