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MATTER OF INTEREST ON LAWER'S TRUST

No. 84-90.

675 S.W.2d 355 (1984)

283 Ark. 252

In the Matter of the Arkansas Bar Association Petition to Authorize a Program Governing INTEREST ON LAWYERS' TRUST ACCOUNTS.

Supreme Court of Arkansas.

September 17, 1984.

Attorney(s) appearing for the Case

Ark. Bar Ass'n by Herman L. Hamilton, Chairman of the Committee of Lawyers' Trust Accounts, and Wright, Lindsey & Jennings by William D. Haught, Little Rock, for petitioner.

HOLLINGSWORTH, Justice.

The Arkansas Bar Association through its Interest on Lawyers' Trust Accounts Committee petitioned this Court to establish a program permitting the collection of interest on lawyers' trust accounts and the disbursement of such interest by the depository institutions involved to an Arkansas nonprofit corporation. The recipient corporation would then apply these funds to such tax exempt purposes which serve the public interest.

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