Arizona Foundation for Legal Services and Education
Foundation Top Stories
Honoring Our Foundation Fellows - Doug Dunipace
This month, families across America will celebrate the gifts they received from their fathers. Dads across the country will have a day where they are told, "I want to be just like you when I grow up." One of the Founding Fellows of the Foundation, Doug Dunipace, continues to find inspiration from his father, who also used his legal expertise to serve the community. Read more.
NEW IOLTA FDIC
Insurance Coverage Notice
All financial institutions with FDIC coverage were automatically enrolled in the Transaction Account Guarantee Program of the TLGP for the period of October 14th through December 5, 2008. After that time, financial institutions could have elected to opt out of the program. Those that elected to opt out were required to post a notice to that effect in the lobby of their main and branch offices and on their websites. In addition, they are listed on the FDIC website as having opted out of the program. Financial institutions that elected to participate in the program were also to post a notice in their main and branch offices, as well as their website, indicating their participation. These notice requirements were to be posted by December 19th. The TLGP is in effect until December 31, 2009, unless it is further extended by the FDIC. For the full text of the final rule, click here.
The FDIC has now posted the list of financial institutions that have opted out of the Transaction Account Guarantee Program of the TLGP. To view the list, click here.
Foundation Photos
Featured Event
We the People State Tournament on January 9th
Corona del Sol High School named State Champions
Competing against Arizona’s top 9 regional teams, Tempe’s Corona del Sol High School captured a first-place ranking in the annual We the People academic competition. The students from Corona del Sol will represent Arizona in Washington, D.C. at the We the People: The Citizen and the Constitution National Finals in April. More than 1200 High School students from all fifty states and the District of Columbia will participate in this highly prestigious academic competition that tests students’ knowledge of the U.S. Constitution.
Students representing Corona del Sol High School are: Eric McKay, Hannah Augee, Ahmed Aboul-Nasr, Vishal Maini, Jocelyn Hu, Derek Huang, Kaitlyn Beaudet, Alex Nunez, Christine Dyster, Shelly Jackson, Zeyang Yu, Jake Yocham, Smitha Ramakrishna, Molly Yang, Rachel Kultala, Elizabeth Lee, Seth Garrison, Katherine Cai, Pankti Shah, Mike Swindle, Wyatt Larkin, Lizzie Shafer, Abby Henderson, Hari Menon, Paul Gu, Siddesh Gopal, Vincent Park, Grace Do, Pooja Rajguru.
In addition to the 9 high schools that competed in the competition, there were also 4 Showcase teams, Desert Sands Middle School (Phoenix), La Cima Middle School (Tucson), Glassford Hill Middle School (Prescott) and Valley Vista High School(Mesa). These students also presented their knowledge and skills of the U.S. Constitution and the Bill of Rights, some of the younger students answering high school-level questions. Read more...
Foundation News
Attorneys Need to Take Extra Care in Watching Client Trust Accounts
With the precarious economy and the number of financial institutions either failing (such as IndyMac Bank) or being taken over by other institutions (such as Washington Mutual), lawyers who have client trust accounts should be thinking about the safety of those accounts.
Actually, lawyers with client trust accounts should be thinking about the safety of the accounts – property that belongs to clients and others -- all the time, not just in a financial crisis and not just to comply with the specific requirements of Rules 43 and 44, Ariz.R.Sup.Ct.