BOSTON, October, 25 -- The Massachusetts IOLTA Committee is pleased to announce that Attorney Jenna Miara will be its new Executive Director...
IOLTA BLOG
Today, the Massachusetts IOLTA Committee announces that Executive Director Jayne Tyrrell, Esq. is stepping down from her position as of September 1.
On October 1, 2020, the Supreme Judicial Court issued its opinion In the Matter of Olchowski, 485 Mass. 807 (2020). The Court held that client funds on deposit in IOLTA accounts whose owners cannot be identified do not fall within the statutory definition of “abandoned property” under G.L. c. 200A, and therefore such funds should be remitted to the IOLTA Committee rather than escheated to the treasury.
Unidentified client funds on deposit in an IOLTA account do not fall within the statutory definition of "abandoned property".
For additional information, please contact please contact Jayne Tyrrell at
MAIOLTA.ORG
The Massachusetts IOLTA Committee
18 Tremont Street, Suite1010
Boston, MA 02108-2316
- Email: questions@maiolta.org
- Phone: (617) 723-9093
- Fax: (617) 367-8815
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