Month: May 2016

Another business relationship that gives rise to fiduciary duties is the Limited Liability Company.  The Texas Business Organizations Code does not expressly define or impose duties on members or managers of the LLC.  However, the provisions do suggest these duties...

A fiduciary duty is a legal duty to act solely in another party’s interest. Parties owing this duty are called fiduciaries.  The individuals to whom they owe a duty are called principals or beneficiaries. Fiduciaries may not profit from their relationship with their...