New York Rules of Professional Conduct Rule 1.15 Attorney Trust Accounts (22 NYCRR Part 1200) 1.15(b)(1): Rule 1.15(b)(1) Special account in a qualifying New York bank, separate from other accounts

Funds belonging to others must be kept in a bank, trust company, savings bank, savings and loan or credit union within New York State that agrees to give dishonored check and overdraft reports under 22 NYCRR Part 1300. They are held in the lawyer's or firm's own name in a special account or accounts separate from the business, personal and other fiduciary accounts (executor, guardian, trustee, receiver). A bank outside New York may be used only if it meets Part 1300 and the owner gave prior written approval naming the office or branch. The special account cannot have overdraft protection.