[Download] "Alice E. Wenzel v. Craig R. Mathies" by Court of Appeals of Minnesota " Book PDF Kindle ePub Free
eBook details
- Title: Alice E. Wenzel v. Craig R. Mathies
- Author : Court of Appeals of Minnesota
- Release Date : January 16, 1996
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
I. An officer and director of a closely-held corporation, who is also a pledgor of shares of the corporation's stock, owes a fiduciary duty to the pledgee and equitable owner of the corporate stock, not to engage in self-dealing that dilutes the stock's value and relinquishes control of the corporation's only asset, a bank. II. The officer and director of a closely-held banking corporation owes a fiduciary duty to the owners of the bank's holding-company stock not to approve or partake of the fruits of self-dealing transactions that change control and dilute the value of the holding company's stock.
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