Duty of loyalty
id:
duty-of-loyalty-323-8182151
title:
Duty of loyalty
text:
The duty of loyalty is often called the cardinal principle of fiduciary relationships, but is particularly strict in the law of trusts. In that context, the term refers to a trustee's duty to administer the trust solely in the interest of the beneficiaries, and following the terms of the trust. It generally prohibits a trustee from engaging in transactions that might involve self-dealing or even an appearance of conflict of interest. Furthermore, it requires a fiduciary to deal with transparency
brand slug:
wiki
category slug:
encyclopedia
description:
Duty to act in best interests
original url:
https://en.wikipedia.org/wiki/Duty_of_loyalty
date created:
date modified:
2024-03-13T00:35:11Z
main entity:
{"identifier":"Q5317581","url":"https://www.wikidata.org/entity/Q5317581"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5b/Society.svg","width":96,"height":38}
fields total:
13
integrity:
15