FIDUCIARY DUTIES OF SHAREHOLDERS

By , March 2, 2017 4:44 pm

A basic question under every LLC act is whether, under that act, the members as such have fiduciary duties (i) to the other members; (ii) to the LLC itself; or (iii) to both the other shareholders and the LLC.  The post under the link below discusses a case addressing only the fiduciary duties of corporate shareholders as shareholders.  However, some of the concepts in the case are also important for LLCs.

Here’s the post:  http://kentuckybusinessentitylaw.blogspot.com/2016/10/kentucky-court-of-appeals-holds-that.html

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