What are Fiduciary Duties for NY and NJ Shareholders?
The fiduciary duties and obligations of a shareholder in a business in New York or New Jersey must follow very specific rules but these rules can be summarized into a very general description. The overall fiduciary duties of a shareholder are to (a) to not assume or engage in personal interests which are incompatible with the interests of the corporation and (b) never to allow their private interests to conflict with corporate interests.
When dealing with a shareholder dispute it is important to understand your rights and the fiduciary duties and obligations that are expected of shareholders.
For more information about fiduciary duties we recommend reading:
"How Courts Explain and Describe "Fiduciary" Duties and Obligations Between Partners, Shareholders, and Members
Free NY And NJ Partnership Dispute Book Offer
Request a free, complimentary copy of "The New York and New Jersey Partnership Dispute Guide" by New York and New Jersey Shareholder Dispute Lawyer, Charles N. Internicola, Esq.
- Take Your Business from Local Success to National Franchise with The 90 Day Franchise Launch Program
- An Entrepreneurs Guide to Purchasing a Business or Franchise
- ENDWISE: The Guide to Selling Your Business with Peace of Mind
- The New York and New Jersey Partnership Dispute Guide
- Franchise Counsel Program