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Commenters criticize proposed IOTA rule amendments


Feb 12, 2021
By Gary Blankenship
Senior Editor
Top Stories
Recommendations to change how The Florida Bar Foundation collects and distributes IOTA funds should be rejected or replaced by an alternative proposal, according to comments filed with the Florida Supreme Court.
February 10 was the deadline to comment on proposed changes to Florida Bar Rule 5-1.1(g), which governs the IOTA program. The amendments were submitted last September by the court’s Task Force on the Distribution of IOTA Funds.
A group of 26 past Foundation presidents submitted a “consensus” alternative rule that they said was endorsed by all of the other rule commenters. A group of 34 past Bar presidents specifically endorsed that alternative as well as comments from the Business Law Section, ....

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