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Home / Case Digests / NYSBA Committee on Professional Ethics – Escrow account: Ethics Opinion 1176

NYSBA Committee on Professional Ethics – Escrow account: Ethics Opinion 1176

New York State Bar Association Committee on Professional Ethics Escrow account Comingling of funds – Minimum balance Ethics Opinion 1176 Background: The inquirer’s trust or escrow account has had a zero balance of funds for a period of time. The inquirer apprehends that the bank may close the account for inactivity or failure to maintain the requisite minimum balance. ...