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It is incumbent on the owner of a law firm to undertake adequate training for the responsibilities of managing an IOLTA client property trust account. [6] Effective management of client property trust account is required for compliance with bar rules and the efficient and profitable operation of the law firm.
"(c) IOLTA funds means funds derived from programs established by State court rules or legislation that collect and distribute interest on lawyers' trust accounts. (d) Non-LSC funds means funds derived from a source other than the Corporation. (e) Private funds means funds derived from an individual or entity other than a governmental source or ...
Finally, in December 2006, the Supreme Court issued an order amending the IOLTA rules so that attorneys had to maintain their IOLTA accounts at banks that pay interest rates comparable to other similarly situated accounts. The Supreme Court's action is expected to generate significant new funding for legal services.
Under the old FDIC rules, each beneficiary of the trust would get $250,000 in insurance protection. So, for example, if the trust named 10 beneficiaries, then that account would be insured for $2. ...
IOLTA (Interest on Lawyers Trust Accounts) funds are collected by the MJF and distributed through a comprehensive grants program. The MJF strategically and objectively allocates its resources to dozens of outstanding legal aid organizations and access to justice initiatives in the state of Montana.
Texas is inching closer to adopting revised oil and gas waste management rules for the first time in four decades. The Railroad Commission of Texas announced the draft rule at its Aug. 15 meeting ...
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The cozy slippers that are 'just like UGGs but at a great price' are down to $24