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Supreme Court of Wisconsin |
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In the matter of amendment of SCR 20:1.15 Safekeeping property; trust accounts and fiduciary accounts |
FILED AUG 28,2008 David R. Schanker Clerk of Supreme Court Madison, WI |
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On March 12, 2008, the Wisconsin Trust Account Foundation (WisTAF) Board of Directors petitioned this court to amend Supreme Court Rule 20:1.15, relating to interest paid on IOLTA (Interest on Lawyers Trust Accounts) accounts. On August 22, 2008, WisTAF Board of Directors filed an amended petition. WisTAF requests the court adopt an interest comparability rule for IOLTA accounts. Petitioner's proposed amendments would require attorneys to hold IOLTA accounts at financial institutions that pay those accounts the highest interest rate generally available at that institution to other customers when IOLTA accounts meet the same account qualifications.
IT IS ORDERED that a public hearing on the amended petition
shall be held in the Supreme Court Room in the State Capitol,
IT IS FURTHER ORDERED that the court's conference in the matter shall be held promptly following the public hearing.
IT IS FURTHER ORDERED that the appendices filed with the amended petition, namely Appendix A (proposed changes to relevant portions of Supreme Court Rule 20:1.15), Appendix B (proposed changes in context of entire Supreme Court Rule 20:1.15), and Appendix C (summary of proposed revisions), shall be made available on the Web site of the Wisconsin Supreme Court under "Opinions and rules," "Supreme Court," "Rules," "View rules orders and pending petitions and petitions," "Petitions and audio of public hearings," at http://wicourts.gov.
IT IS FURTHER ORDERED that notice of the hearing be given by a single publication of a copy of this order and of the amended petition in the official state newspaper and in an official publication of the State Bar of Wisconsin not more than 60 days nor less than 30 days before the date of the hearing.
Dated at
BY THE COURT:
David R. Schanker
Clerk of Supreme Court