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PA · rules

Pa.R.D.E. 502

Pennsylvania Lawyers Fund for Client Security

activein force · 2026-06-17 – presentact-effective-date

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General rule. The Supreme Court shall establish a separate fund to be known as the "Pennsylvania Lawyers Fund for Client Security." The Fund shall consist of such amounts as shall be transferred to the Fund pursuant to this subchapter. The Fund is created by contributions of the members of the Bar to aid in ameliorating the losses caused to clients and others by defalcating members of the Bar acting as an attorney or fiduciary. No Claimant or other person shall have any legal interest in such Fund or right to receive any portion thereof, except for discretionary disbursements therefrom directed by the Board or the Supreme Court, all payments from the Fund being a matter of grace and not of right. There shall be no appeal from a decision of the Board. A decision of the Board to grant or deny payment to a Claimant shall not be subject to judicial review by any court. The Supreme Court reserves the right to amend or repeal this subchapter.

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Additional assessment. Every attorney who is required to pay an active annual assessment under Rule 219 (relating to annual registration and assessment) shall pay an additional annual assessment of $50.00 for use by the Fund. Such additional assessment shall be added to, and collected with and in the same manner as, the basic annual assessment. All amounts received pursuant to this subdivision shall be credited to the Fund.

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Transfers to Fund. The Administrative Office and Attorney Registration Office shall transfer to the Fund all bequests and gifts hereafter made for use by the Fund. All monies or other assets of the Fund shall constitute a trust and shall be held in the name of the Fund, subject to the direction of the Board.

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Audit. The Board shall annually obtain an independent audit of the Fund by a certified public accountant, and shall file a copy of such audit with the Supreme Court.

Provenance

Source
www.padisciplinaryboard.org
Retrieved
2026-09-30
Edition
2026-09-30
Content hash
ef03b59f701dce661ffaa4364ec030fc4b87e2e1a6d3c7b5d7e43b045c8777ba
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