1. (a) The trustees appointed under § 10-311 of this subtitle shall:

   1. (1) receive contributions to the Fund; and
   2. (2) manage the assets of the Fund.

2. (b) To the extent the trustees consider reimbursement proper and reasonable, the trustees may use the Fund to reimburse a person for a loss that was caused by a defalcation of a lawyer if:

   1. (1) the lawyer caused the loss while acting for the person as an attorney at law or a fiduciary; and
   2. (2) the person cannot recover the money under a bond.
3. (c) The trustees may enforce a claim for restitution arising by subrogation, assignment, or otherwise against any person whose actions gave rise to a claim that the Fund pays.

Added by Acts 1989, c. 3, § 1, eff. Oct. 1, 1989.

Formerly Art. 10, § 43.