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Tag Archives: Fiduciary Duty
March 2012, Arizona Attorney – Fiduciary Duties in an Arizona LLC
The March 2012 Arizona Attorney contains a detailed article and analysis regarding the current status of fiduciary duties in Arizona LLCs. The comprehensive article, authored by attorneys serving on a committee developing proposed changes for the Arizona LLC Act, can … Continue reading
Posted in Intra-corporate dispute, Litigation, Manager, Member
Tagged Arizona Attorney, Arizona Business Law, Arizona Derivative Litigation, Arizona Intra-corporate dispute, Arizona law, Fiduciary Duties, Fiduciary Duties in a Business, Fiduciary Duties in an LLC, Fiduciary Duties in Arizona, Fiduciary Duty, Intra-corporate dispute
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Fiduciary Duties and Creditors?
Difficult economic times frequently generate unanticipated questions and challenges for a corporation and its creditors. One unanticipated question may include if or when fiduciary duties should be extended to a corporation’s creditors. While it is well-recognized that officers and directors … Continue reading
Can I Challenge Poor Decisions Made by my Business’ Management?
The Business Judgment Rule – a rule all business owners / shareholders should consider before challenging decisions made by a business’ management. Generally speaking, decisions made by a business’ management (officers / directors; member / managers) are protected from outside … Continue reading
Posted in Business Owner, Director, Litigation, Shareholder
Tagged Business Judgment, Business Judgment Rule, Business Owner, Business Owners, Director, Fiduciary Duty, manager, member, Officer, Poor Business Decision, Shareholder, shareholder's concerns, shareholder's questions, shareholder's rights
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Fiduciary Duties in an LLC, do They Exist in Arizona?
The short answer is, it depends. In Arizona, at the time of writing this post, fiduciary duties are not implied as a matter of law between members and/or managers and the LLC. However, fiduciary duties may nonetheless exist if the … Continue reading
Fiduciary Duties
The Who, What, When, Where, and Why of Fiduciary Duties in Small Businesses and Corporations. A Brief Introduction to a Broad, Complex, and Ever-Changing Duty. What is a fiduciary duty? A fiduciary duty is often regarded as the highest duty … Continue reading
Posted in Business Owner, Director, Litigation, Shareholder, Shareholder
Tagged Business Owners, Director, Duty of Care, Duty of Confidentiality, Duty of Loyalty, Duty to Disclose, Duty to Inspect, Fiduciary Duties, Fiduciary Duty, manager, member, Officer, Partner, Shareholder, Standards of Conduct
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