"Qualified funds"

Sec. 10. "Qualified funds" means money received by an attorney from a client or beneficial owner in a fiduciary capacity that, in the good faith judgment of the attorney, is: (1) of such an amount; or (2) reasonably expected to be held for such a short term; that sufficient interest income will not be generated to justify the expense of administering a segregated account. [Pre-2004 Recodification Citation: 33-20-3-10.] As added by P.L.98-2004, SEC.23.