Opinion 1193

[The lawyer and the lawyer's bank entered into agreement, which stated, in pertinent part, that in connection with an extension of credit, "you have also asked Bank to implement an arrangement whereby your firm's general account and line of credit are used to permit immediate payment of your trust obligations as foreseen by WSBA Formal Ethics Opinion No. 177, and we have agreed to do so."] The Committee reviewed the agreement letter between you and your bank concerning the plan approved in Formal Opinion 177, and was of the opinion that the proposal appeared to comply with that opinion.

Advisory Opinions are provided for the education of the Bar and reflect the opinion of the Committee on Professional Ethics (CPE) or its predecessors. Advisory Opinions are provided pursuant to the authorization granted by the Board of Governors, but are not individually approved by the Board and do not reflect the official position of the Bar association. Laws other than the Washington State Rules of Professional Conduct may apply to the inquiry. The Committee's answer does not include or opine about any other applicable law other than the meaning of the Rules of Professional Conduct.