Advisory Opinion:
1052
Year Issued:
1986
RPC(s):
RPC 1.14(c)
Subject:
Maintaining trust account in Canadian bank
The Committee was of the opinion that RPC 1.14(c) mandates that all lawyers handling client trust funds comply with that rule. Therefore, the Committee was of the opinion that if the bank in Canada is a bank such as is described by RPC 1.14(c), there would be no difficulty in establishing a trust account there. Otherwise, the Committee was of the opinion that as the rule is now written you would be required to comply with it. If you feel that such a rule creates an impracticality or a breach of other responsibilities to your client, the Committee's only suggestion is that you should seek a change in the rule by addressing the matter to the Board of Governors.
***