Randy Pankratz of the Adrian & Pankratz law firm has been appointed to serve on the Kansas Bar Association’s Task Force for Mandatory IOLTA (Interest on Lawyers’ Trust Accounts) Committee. The IOLTA program collects the interest from lawyers’ trust accounts, and then allocates and administers the funds in charitable public service projects. The appointment was made by Kansas Bar Association President Dennis D. Depew.
IOLTA was established and approved through an order of the Kansas Supreme Court in 1984. In 2009, Pankratz was appointed by Governor Mark Parkinson to serve on the Kansas Bar Foundation IOLTA Committee, and has helped administer the program’s grant application and selection process since that time.
The goal of the Mandatory IOLTA Task force is to maximize the effectiveness of the program by seeking a reform of Kansas Supreme Court standards to allow Kansas to join other states in more comprehensive use of lawyers’ trust account interest for public service purposes. Newton’s Offender/Victim Ministries, Inc., and other south central Kansas charities have benefitted from the IOLTA project in recent years.