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. 
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40-Trust Accounts

60-Lawyers Acting as Trustees

A lawyer/trustee may invest funds in a bank that does not comply with the trust account requirements, but may not use such a bank if the lawyer has the right to withdraw funds from the trust account.

Copyright 2000, Thomas E. Spahn