Good Funds in Mississippi

Wet or Dry Settlement

Wet

Definition

Not defined by statute.

Requirements

A lawyer may not disburse funds held in trust unless the funds are collected funds. "Collected funds" means funds deposited, finally settled, and credited to the lawyer's trust account. MS Rule of Prof'l Conduct 1.15(j).

Exceptions to Requirements

N/A

Cross-References

• Mississippi
• Good Funds