MATTER OF PETITION OF ARKANSAS IOLTA FOUNDATION, INC.

No. 94-128.

885 S.W.2d 846 (1994)

In The Matter of A PETITION OF the ARKANSAS IOLTA FOUNDATION, INC., TO MODIFY MODEL RULES OF PROFESSIONAL CONDUCT 1.15.

Supreme Court of Arkansas.

October 17, 1994.


PER CURIAM.

The Arkansas IOLTA Foundation has petitioned this court to modify Rule 1.15 of the Model Rules of Professional Conduct so as to convert the IOLTA program from voluntary to comprehensive. The modification would obligate attorneys to make pooled client trust accounts interest bearing for the benefit of the Arkansas IOLTA program. The petition alleges the following advantages:

a. Lawyers have a professional responsibility to support the provision...

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