👉 In the context of law, a paymastership is a type of appointment in which an individual holds the power to manage and control a company or organization on behalf of another person. The paymaster typically has access to financial records, legal documents, and other information that are not available to the owner of the entity. The term "paymastership" was first introduced by the United States Supreme Court in the case of Kelo v. City of New London, 521 U.S.
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What is the definition of Paymasters? 🙋
👉 In the context of law, a "paymaster" is a person who acts as an agent for another party in order to collect money or property on behalf of that other party. This role can take many forms, including acting as a custodian, executor, guardian, receiver, or trustee. Paymasters are typically appointed by either the original owner of the property (the "principal") or by a court if there is no principal. They are responsible for collecting money or property from the rightful owners
