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Nevada Supreme Court Amends Rule 216

Nevada Supreme Court Amends Rule 216

 
On November 29, 2012 the Nevada Supreme Court adopted order 479, amending Supreme Court Rule 216 regarding client interest bearing trust accounts and the foundation responsible for administering such accounts. 
 
The Supreme Court amended the rule based on the recommendation of the State Bar of Nevada Board of Governors and held public hearings on the amendments.  The amended rules will go into effect on December 29, 2012.