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FORMAL ADVISORY OPINION NO. 04-1

No. S05U1720.

626 S.E.2d 480 (2006)

280 Ga. 227

FORMAL ADVISORY OPINION 04-1.

Supreme Court of Georgia.

February 13, 2006.

Attorney(s) appearing for the Case

John Joseph Shiptenko, Assistant General Counsel State Bar, William P. Smith, III, General Counsel State Bar, for State Bar of Georgia.

PER CURIAM.

We granted a petition for discretionary review brought by the State Bar of Georgia to consider the proposed opinion of the Formal Advisory Opinion Board1 (hereinafter "Board") that, if an attorney supervises the closing of a real estate transaction conducted by a non-lawyer entity, the attorney is a fiduciary with respect to the closing proceeds and the closing proceeds must be handled in accordance with the trust account and...

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