Attention Fiduciaries: Do You Know Your Duties

Taylor D. Sztainer
Spring 2012 Firm Newsletter

No matter who you are or what you do, the odds are you have been a part of a fiduciary relationship -- maybe even without knowing it.  For instance, have you ever been a director or officer of a corporation, a partner of a partnership, or a shareholder of a closely-held corporation?  Have you ever employed others or purchased insurance?  The relationships formed by taking the foregoing actions are just a few of those recognized as "fiduciary relationships" under Minnesota law.

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