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MONUMENTAL LIFE INS. CO. v. TRUSTEES

Misc. No. 21, September Term, 1990.

322 Md. 442 (1991)

588 A.2d 340

MONUMENTAL LIFE INSURANCE COMPANY v. THE TRUSTEES OF THE CLIENTS' SECURITY TRUST FUND OF THE BAR OF MARYLAND.

Court of Appeals of Maryland.

April 8, 1991.

Attorney(s) appearing for the Case

James O'C. Gentry, Baltimore, for appellant.

Willie J. Mahone, Frederick, for appellee.

Argued before MURPHY, C.J., and ELDRIDGE, RODOWSKY, McAULIFFE and CHASANOW, JJ.

McAULIFFE, Judge.

The Clients' Security Trust Fund of the Bar of Maryland (the Fund) was created in 1966 by rule of this Court, consistent with the earlier enactment by the General Assembly of Chapter 779 of the Acts of 1965. The principal purpose of the Fund is to reimburse, to the extent reasonable and possible, losses caused by defalcations of Maryland lawyers who are acting either as attorneys or as fiduciaries. Monumental Life Insurance Company (Monumental) filed...

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