Rules Governing the Utah State Bar – Comment Period Closed June 21, 2025
USB14-1001. IOLTA. Amend. There are multiple amendments to this rule. The amendments clarify the responsibilities related to unclaimed and unidentifiable funds in client trust accounts. The amendments define the obligations of lawyers and law firms when handling unclaimed funds, as well as the duties of the representative of a deceased or incapacitated lawyer’s estate in managing such funds. They also clarify the Utah Bar Foundation’s responsibilities in relation to unclaimed funds. In addition, the amendments address the obligations of lawyers, law firms, estate representatives, and the Utah Bar Foundation concerning unidentifiable funds in client trust accounts. The amendments also encourage the cooperation of IOLTA banking institutions and the Utah Unclaimed Property Division in addressing these issues. Finally, the amendments outline the procedures that the Utah Bar Foundation and the Office of Professional Conduct should follow when dealing with unclaimed and unidentifiable client trust account funds.