(a) In this Part I of this subtitle the following words have the meanings indicated. (b) (1) "Attorney trust account" means an account that a lawyer or law firm maintains at a financial institution for the deposit of trust money. (2) "Attorney trust account" includes an escrow account. (c) "Beneficial owner" means a person, other than the client of a lawyer, for whose benefit a lawyer is entrusted to hold trust money. (d) "Trust money" means a deposit, payment, or other money that a person entrusts to a lawyer to hold for the benefit of a client or a beneficial owner.
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