Sec. 7. In making the determination under section 6 of this chapter, the attorney shall consider the following:

(1) The amount of interest the money would earn during the period the money is expected to be deposited.

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Terms Used In Indiana Code 33-44-5-7

  • Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
(2) The cost of establishing and administering the account.

(3) The capability of the depository financial institution to calculate and pay the interest earned by each client’s funds, after deduction of any service charges, to the client.

[Pre-2004 Recodification Citation: 33-20-5-7.]

As added by P.L.98-2004, SEC.23.

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