2012 annual report - Supreme Court - State of Ohio

and no-front-end-load money market mutual funds consisting exclusively ofdirect obligations of the United States Treasury, and repurchase agreementsrelating to direct Treasury obligations, with the interest or other incomeon investments becoming part of the fund. Annually and at additional timesas the Supreme Court may order, the chair shall file with the Supreme Courta written report reviewing in detail the administration of the fund duringthe year. The fund shall be audited biennially by the Auditor of State at thesame time as the Supreme Court’s regular biennial audit. The Supreme Courtmay order an additional audit at any time, certified by a certified publicaccountant licensed to practice in Ohio. Audit reports shall be filed with theBoard, which shall send a copy to the Supreme Court. The report shall beopen to public inspection at the offices of the Board.(2) The chair and vice-chair of the Board shall file a bond annually with theSupreme Court in an amount fixed by the Supreme Court.(3) The chair of the Board shall have the power and duty to render decisions onprocedural matters presented by the Board and call additional meetings of theBoard when necessary.(4) The vice-chair of the Board shall exercise the duties of the chair during anyabsence or incapacity of the chair.(E) Meetings. The Board shall meet at least two (2) times a year, in Columbus and at othertimes and locations as the chair designates.(F) Expenses. Expenses for the operation of the Board as authorized by this rule shall bepaid from the fund, including bond premiums, the cost of audits, personnel, office space, supplies,equipment, travel, and other expenses of Board members.SECTION 3. ELIGIBLE CLAIMS. FOR PURPOSES OF THIS RULE, ANELIGIBLE CLAIM SHALL BE ONE FOR THE REIMBURSEMENTOF LOSSES OF MONEY, PROPERTY, OR OTHER THINGS OFVALUE THAT MEET ALL OF THE FOLLOWINGREQUIREMENTS:(A) The loss was caused by the dishonest conduct of an attorney admitted to the practiceof law in Ohio when acting in any of the following capacities:(1) As an attorney;(2) In a fiduciary capacity customary to the practice of law;(3) As an escrow agent or other fiduciary, having been designated as an escrowagent or fiduciary by a client in the matter or a court of this state in which theloss arose or having been selected as a result of a client-attorney relationship.(B) The conduct was engaged in while the attorney was admitted to the practice of lawin Ohio and acting in his capacity as an attorney admitted to the practice of law in Ohio, or in anycapacity described in division (A) of this section.(C) On or after the effective date of this rule, the attorney (has) been disbarred, suspended,or publicly reprimanded, has resigned, or has been convicted of embezzlement or misappropriationof money or other property and the claim is presented within one year of the occurrence or discoveryof the applicable event. The taking of any affirmative action by the claimant against the attorneywithin the one-year period shall toll the time for filing a claim under this rule until the termination of36