Requirements For Position
In the United States, there is no licensing requirement to be a paymaster. However, a paymaster often is a licensed lawyer, due to the security and safety issue that lawyers in the U.S. are required to hold any funds that do not belong directly to them in a "Attorney's Trust Account" (also known as an IOLTA account), which is monitored by the state bar, in the state in which the lawyer practices.
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Famous quotes containing the word position:
“The Americans are violently oral.... That’s why in America the mother is all-important and the father has no position at all—isn’t respected in the least. Even the American passion for laxatives can be explained as an oral manifestation. They want to get rid of any unpleasantness taken in through the mouth.”
—W.H. (Wystan Hugh)