MI · rules
Mich. Client Protection Fund Rule 3
FUNDING AND SUPERVISION
• The Fund is financed through an annual assessment of all Michigan lawyers and a charge to lawyers seeking temporary admission under MCR 8.126.
• The Fund also receives surplus judicial campaign contributions pursuant to Canon 7(B) of the Michigan Code of Judicial Conduct, Legal Defense Fund, donations, subrogation collection, and court ordered contributions for unaccounted for lawyer trust account funds.
• The Board shall:
• Ensure that the Fund is financed at an amount adequate to provide for the payment of claims and costs of administering the Fund, including recommending adjustments to the lawyer assessment as needed to carry out the purpose of the Fund.
• Supervise the prudent investment of Fund money.
• Ensure sufficient reserves to pay reasonably expected claims, within the limits of the resources dedicated to the Fund and pursuant to any policies adopted by the Board.
• Ensure the employment of adequate staff and consultants to carry out the Fund’s functions and purposes effectively and efficiently.
• Monitor recovery of restitution to which the Fund is entitled.
Provenance
- Source
- www.michbar.org
- Retrieved
- 2026-09-30
- Edition
- 2026-09-29
- Content hash
989b0c70b8ee55fcdcaf7796ea042937d134f256db75b82d6525e128004d6d0f
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