| Description: | Carmen K. Bullard (WSBA No. 19839, admitted 1990), of Bainbridge Island, resigned in lieu
 of disbarment, effective December 21, 2011.
 While not admitting to the misconduct, Ms.
 Bullard admitted that the WSBA could prove,
 by a clear preponderance of the evidence, the
 violations set forth in the Statement of Alleged
 Misconduct, and that proof of such violations
 would suffice to result in her disbarment. These
 violations included removing funds from trust
 accounts without entitlement. According to the
 Statement of Misconduct:
 
 TWT is a Washington corporation formerly
 in the business of serving as a trustee for
 approximately 47 individual trusts. Between
 2004 and September 28, 2010, Ms.
 Bullard was president and co-owner of
 TWT. Between July 27, 2010, and August
 30, 2010, Ms. Bullard caused assets from
 one or more of the 47 individual trusts to be
 disbursed for her own benefit or the benefit
 of the company in the following amounts:
 $5,000 as a down payment for roof work on
 her personal residence; $8,000 by means of
 two bank counter checks; and $5,838.28 as
 final payment for roof work on her personal
 residence. Ms. Bullard asserts that she and
 the company intended to repay the funds
 to the trusts. Ms. Bullard did not have the
 permission of the trusts to remove or use the
 money for her own benefit, and knew that
 she did not have permission. In September
 2010, irregularities concerning the handling
 of trust funds came to the attention of the
 other owner of TWT. On September 28,
 2010, Ms. Bullard resigned as president of
 TWT. The co-owner of TWT filed a petition
 for the appointment of a receiver based
 on alleged mishandling of trust funds by
 Ms. Bullard, who asserts that the bonding
 company for TWT has repaid the funds referenced
 above, in the amount of $17,822.30,
 and that she has been financially unable to
 repay the bonding company.
 
 Ms. Bullard’s conduct violated RPC 8.4(c),
 prohibiting a lawyer from engaging in conduct
 involving dishonesty, fraud, deceit, or misrepresentation.
 Christine Gray represented the Bar Association.
 Patrick C. Sheldon represented Ms. Bullard.
 
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