California Business and Professions Code

§ 6091.3

BPC § 6091.3 Effective Jan 1, 2025Div. 3 · Ch. 4 · Art. 5.5

Statute text

(a)Commencing January 1, 2026, upon the establishment of a new client trust account associated with an attorney licensed to practice in California, the financial institution shall collect and retain within its books and records an attorney’s State Bar license number where the number is made available to the financial institution by the attorney associated with the client trust account in the format described in subdivision (c).

(b)On or before March 1, 2026, and annually on or before March 1 thereafter, a financial institution shall electronically provide via secure file transport protocol or another format mutually acceptable to the financial institution and the State Bar, the following for every client trust account actually known to the financial institution associated with an attorney’s State Bar license number:

(1)The name of the financial institution in which the client trust account is held.

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Legislative history

Added by Stats. 2024, Ch. 227, Sec. 14. (AB 3279) Effective January 1, 2025.