fiduciary duty

Also found in: Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to fiduciary duty: Fiduciary Responsibility
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Mentioned in ?
References in periodicals archive ?
You should review your policies and procedures to insure they address this fiduciary duty.
In the words of Eric Fryar, a Texas lawyer whose expertise lies in shareholder rights: 'If a director owed a fiduciary duty to shareholders, this would frequently place him in a position where his duty to shareholders would be in conflict with his duty to the company.'
Kurtz of Boston, who represents the defendants, said the judge, in creating a new exception to the rule that officers and directors owe a fiduciary duty only to the corporation itself, "got this one wrong."
(13) That kind of liability depends in part upon participation in a breach of trust or fiduciary duty, not participation in a breach of any other kind of duty.
The applicability of both doctrines depends upon the viability of plaintiff's breach of fiduciary duty claim against PFC.
"The company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty."
Adequately managing the risks faced by an organization is broadly part of fiduciary duty.
* An agent with a fiduciary duty of trust and confidence to a firm (the principal) conveys material nonpublic information obtained through the fiduciary relationship to a third person, the recipient;
This article describes the fiduciary duty law that applies to Florida LLCs, with a special focus on consequences of the "un-cabining of fiduciary duties" occasioned by the Florida Revised LLC Act, as amended in 2015.
I and many others realized that a part-time fiduciary duty was actually more harmful to investors than no fiduciary duty at all.
Under the broad conceptualization of fiduciary duty content, the no-profit rule and the no-conflict rule are joined by other obligations, like the duty to act in good faith--which some describe as the "duty of loyalty" (77)-and the duty to maintain confidences.