Any lawyer licensed in Tennessee who participates in the IOLTA (Interest On Lawyers Trust Accounts) program, whether as an individual or as a member (principal, employee, or other member) of a law firm, and who is not currently a Fellow of the Foundation, is eligible to serve as a voting “Participant” member of the Foundation.
To enroll as a voting Participant member of the Foundation, complete this form and submit it to the Foundation office. Forms received prior to April 30, 2011 will immediately qualify (after acknowledgement from the Foundation office) that lawyer for Participant status. Forms received after April 30, 2011 will qualify (after acknowledgement from the Foundation office) that lawyer for Participant status as of January 1, 2012. Terms of office will be in accordance with Section 2.7(a) (below).
Participant membership was made possible by amendment, in part, of two sections of the Foundation’s bylaws, as follows:
Section 2.7 Participants
(a) Any attorney licensed in Tennessee who participates in the Interest On Lawyers Trust Accounts (IOLTA) program, whether as an individual or as a member (principal, employee, or other member) of a law firm, and who is not currently a Fellow of the Foundation, shall be eligible to serve as a “Participant” in the Foundation. An attorney shall qualify as a Participant upon submitting his or her written request to the Executive Director of the Foundation and providing such proof as the Executive Director may reasonably require of such person’s qualification to serve. For all such written requests received from the date of adoption of these bylaws through April 30, 2011, a Participant’s term shall begin as of the date of his or her appointment. Thereafter, a Participant’s term shall begin on the next January 1 following the date of his or her appointment. All Participant terms shall end on the fifth December 31 following the year of his or her appointment, or until his or her death, resignation, or ineligibility, whichever first occurs.
(b) The requirements needed to maintain Participant status shall be a license to practice law in the State of Tennessee and participation in the IOLTA program during the then-current fiscal year ending June 30.
(c) Appropriate notice of the date, time, and place of meetings of the membership shall be given to each Participant, as provided in Article III of these bylaws.
Section 2.8. Termination of Membership
(a) Any member (Fellow or Participant) may voluntarily terminate his or her membership at any time upon written notice to the Chair of the Board of Trustees at the principal office of the Foundation.