These summaries were prepared by McGuireWoods LLP lawyer Thomas E. Spahn. They are based on the letter opinions issued by the Virginia State Bar. Any editorial comments reflect Mr. Spahn's current personal views, and not the opinions of the Virginia State Bar, McGuireWoods or its clients.

LEO Num	Topics	Summary
1238	40-Trust Accounts	A multi-state law firm must segregate funds received from Virginia clients in a separate account in a bank authorized to do business in Virginia (even if the bank is not physically located in Virginia).

Copyright 2000, Thomas E. Spahn