fiduciary duty

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Related to fiduciary duty: Fiduciary Responsibility

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Noun

fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary

legal duty - acts which the law requires be done or forborne

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legal duty

References in periodicals archive ?

That is, until we began to discover that, at best, CFPs had a "part-time" fiduciary duty requiring them to act in the best interest of their clients when creating their financial plans, but under no such obligation when recommending the investments and other financial products necessary to implement those plans.

Board to Death: Is the CFP Board's New Fiduciary Standard Really Better Than No Standard at All?

Claimant) claims that (defendant) owed a fiduciary duty to [him] [her] [it].

Amendments to jury instructions in civil cases and in contract and business cases-fiduciary duty

The directors argued that the assertion that they owed a fiduciary duty to the limited partners was a legal nullity inconsistent with the duty they owed to their own entity and its shareholders.

Judicial exceptions to limited liability protection provided by Florida LLCs

Many different types of professions owe a fiduciary duty to someone; for example, lawyers to their clients and trustees to beneficiaries.

Fiduciary facts: recent regs, court case shed light on important topic

The 9th Circuit erred by applying a six-year statutory bar based solely on the initial selection of the three funds without considering the contours of the alleged breach of fiduciary duty.

Tibble Takeaways

Hub International Insurance Services, decided on March 10, slams the door on the presumption of a fiduciary duty in a normal broker/policyholder relationship.

Fiduciary in limbo: California court case slams the door on broker fiduciary duty in most client relationships

The Default Fiduciary Duty Question and Small Business

The best of both worlds: default fiduciary duties and contractual freedom in alternative business entities

At the core lies the cardinal fiduciary duty of loyalty.

Justifying fiduciary duties

In general, the longer the relationship continues, and the more the customer blindly follows the broker's advice without question or deviation, the more likely it is that a fiduciary duty may be found to exist.

Fiduciary: underrated risk? Learn to whom agents owe fiduciary duty and its complications

Requests for updates on the law of mortgage broker fiduciary duty have been so frequent, and changes in the law so rapid, that Mortgage Banking and that article's authors felt a sequel was needed.

Meltdown pushes more fiduciary duties on brokers: whether mortgage brokers have a fiduciary duty to borrowers was already a heated topic before the mortgage crisis hit. In the wake of the meltdown, many new laws and court cases have made the answer to that question even more complex

The Court in Peoples went on to discuss the common law fiduciary duty, which can arise in a wide variety of contexts, distinctly from that of the statutory fiduciary duty set out in the CBCA.

BCE Inc. v. 1976 Debentureholders: the new fiduciary duties of fair treatment, statutory compliance and good corporate citizenship?

Thus, 'the mere fact that a business is run as a corporation rather than a partnership does not shield the business venturers from a fiduciary duty similar to that of true partners.