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 first full-fledged generation of women in the professions did not talk about their overbooked agenda or the toll it took on them and their families. They knew that their position in the office was shaky at best. . . . If they suffered self-doubt or frustration . . . they blamed themselves—either for expecting too much or for doing too little.”
—Deborah J. Swiss (20th century)