"Qualified funds" means money received by an attorney from a client or beneficial owner in a fiduciary capacity that, in the good faith judgment of the attorney, is:

1. (1) of such an amount; or

2. (2) reasonably expected to be held for such a short term;

   that sufficient interest income will not be generated to justify the expense of administering a segregated account.

   [Pre-2004 Recodification Citation: 33-20-3-10.]

As added by P.L.98-2004, SEC.23.