Iowa Client Trust Account Rules (Iowa Court Rules Chapter 45) 45.2-3d-e: Arrange for trust records to be maintained when a firm dissolves or a practice is sold

What does 45.2-3d-e require?

When a law firm or legal professional corporation dissolves, the partners make reasonable arrangements for the trust records required by rule 45.2 to be kept. When a practice is sold, the seller makes appropriate arrangements for the same records to be maintained. The retention duty does not end with the entity that created the records.