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![handle is hein.barjournals/valaw0029 and id is 1 raw text is:
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Council rejects both versions of
UPLi title insurance opinion
Th'le Virginia State Bar11 gov erm- Plan11, VSBJ Specialization Commit- areas and the criteria for speciali- the mleeting Mhat - Sul-
ing counclil, onl Junfe 19, rej cted t(,e Cochairmen Pleter C. Mlansonl zation. preme Court, on June 12, adlopted
byk close voltes both versions of andI A. C. Ppps told Council nnnm- C ouncil askedI the Committee onl former proposed UPLI Opinions, 1-5
U 1nauithorized Prtactice of Law bers at the meeting, and the Vir- Specialization to further explore (see Virgin fii Bar \Ncws, Vol. 28,
(I PLl Opinion No. 7 dealing withl ginlia planl would set up1 a Board of the issue and to report its findings No. 2, August 1979) as Rules of*
title insurlance policies, leaving Legal Specialization, which would back to Council b~y Sept. 15. Court, effective Aug. 15, 1980.
the( issue of, whether. a lawyer- be self-supporting finlancially and 11n addition, 11PL1 Committee Hor-slev nloted that the high court
must be involved inl thel issuance which would comle up1 withl the Chairman Horstey annouinced at 'See COUNCIL page 6
o)f suich a pohec up tt inl the an11
forl at least the tii 1(1 beig.
A fter- - the skt %% o n Iegai iveI vo(t es,
Counlcil, at the ur-ginig of 17PL, oe t
cOmmitteev Chairman Waller H4.
Horsle-y oft Richmlond, 'lected tot
forl gulidancul on1 how to) pr)ceed a n d P o ff
niowk411 on U .4 conid(Ie rat ionls in-
vol Iv in bo K thI t itleI inIIsu11ranI)ce
policies and ireal estate closings. a s~ - -
An\I original and an amended UPL11
Commtiittee. Opinion on real1 estate
closinigs (Opoin ion N,. G) \\,,i not to p p o sts
voted uiponl by. Council, which felt
aft * its re ,jectionl of both versions
fif O)pinlion No. 7 that the title 'Jameis C. Btobei ts,, 4s~, of
lnsturanlc- opinlion and the( reval es.-- Rtichmond and William Bi P'off, 417,
tate. closing opinliol wevre toll of Roanoke took tfftk , rt-. p -
loeytieid to be acted u1ponl sepa- t i vey, as Presillent and
rat l,~Preuidet-Eectof tht( * 5,,500-
Mcc'ting inl Virginia Be-ach at the k &membelr Vi-rinia Stalk- Bar sI
outset of the State Bar's 412nd Anl- . -- _____________________________ Junle 21 dluringj the State, Bar's
nual NMeetin~g, the Counil also Richard C. Hottelet (above) addresses a packed house as the luncheon 41211d Annual Meeting at the
adopti'd a!I0, Brblvof i'spae on June 21 at the State Bar's 42nd AnnualMetn in Cavalier and Holiday Inn11 Hotels in
$59141,907, including a $50,000 coin- Virginia Beachi. Piresiden obertascced
tribuition ito thel Virginia State Bar Irsdn tbrsswv'l
Clienlts' Selcurity Flund. Inl addi- T T L i T IWilliam M. Baskin of Falls Church,
t ionll, a proposed special izat ionl lani i t I '%Jl a partner inl the firm of' Baskin &
forl Virginial (see- Virginet i.S mar u s Baskin and a former Cit 'y Attorney'
1979) was referred back to the Baskinl was admlitted to thel Vim-
miteeonSpciliatonf r e g i itst 'spark ginia Bar inl 1950, andl has beeni a
furlther consideration and studyl tin member oif the governling Council
light of a 'Stateo Bar E-:xecu-tive Thel( American pevople must re- their spouses and guests oni Jun EAES pg
Committee ruling inl April permit- gain their confiden-tce and asseu'- 21.Se EDHpg5
ting attornet :ys to list themls 'Ives tivenevss inl handling world affairs 1-ottelet lmde his remarks as
undivi s p'cified specialty headings and make d '~mocracy more thanl the Annual Luncheon speaker
inl thel , vellow pages of telephonle Just a1 spectator sp~ort if tht drn-h 2dAnulMeigo
directories (see Virglinia Barr United Statcs is to regain its r-ole. the Vil-rinia State Bar at the
Acw~s Vol. 28, No. It., May 1980). ats thel premlier u termnationll Cavalier and Holiday linn) Hotels in
Thll proposed Virginia Sp'hl- power, Richard C. Hottelet, Virginia Beach. Tb4 lune 19-22
zation Pln is anl adaptation of the CBS-TV United Nations corre-
Amcrican Bar Association Mdl sponldenit, told( Virginia law~cers, -See HOTTELET, page 10
Model form for bank agreements issLued
Mandatory trust account rules
On October 3, 1979, the Virginia capacit *y as x~ecultor, testamlen- suchl trust accounit is returned
Supreme Court promlulgated tam-y tirustee, or trustee under an1 for insufficient funds, unless the
DR9-103 (see pp. 99-101 of the finter-vivos trust agreemlent. attorney anld banlk are able to
November, 1979, Viryinia Bar DR9-103(Bi)(1) provi(S rsesolve the matter within three
Ncws) which imposed strict and banking days. Vo truist actcout
explicit fidulciary, accounting and Jne J , i 'n t c hec rf N halI be mnaintained inl any bank
recor-d-keepinig requiremlents uponl porting: Every attorney prac- which doc ;lnot agree to make
aill Virginia lawyers holding flunds ticingtin this state shall hite with such reports pa PsUiln to moch
of clients in, trust or escrow. The vach banlking institution w~herein directive, (emplhasis addedl)
requirements of DR0-103 became he mainitainls a trust account inl
efcieonl Marchl 1, 1980. It the practice of law a directive to Following promulgation of
effl e t e d taD110dos the dIrawee bank as follows: Such.] DRZ9-103, several questions arose
sholdbe otd hatDR-10 des bank shall report to the Execui- as to the style, form and substance
not apply to a bank account main- tive Director, Virginia State
tamned by an attorney inl his or her Bar, when any ,Check dIrawn onl 1See TRiUST, page 8 JAMES C. ROBERTS
...VSB President](ViewImageLocal?handle=hein.barjournals/valaw0029&div=1&collection=&method=preview&ext=.png&size=3)