Fiduciary duty definition
Examples of Fiduciary duty in a sentence
We will not be obligated to monitor items deposited to, or drawn against, accounts held by a trustee or other Fiduciary to determine whether a trustee or Fiduciary is acting consistently with or in breach of any Fiduciary duty.
Fiduciary duty is generally understood to encompass a duty of loyalty and a duty of care to the public agency.
A Seller’s agent or a subagent of that agent has the following affirmative obligations: To the Seller: A Fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Seller.
Subject to the Fiduciary duty of the Member, the Company agrees that it shall not permit any amendment to the Operating Agreement that materially affects the rights or duties of the Portfolio Manager to become effective unless the Portfolio Manager has been given prior written notice of such amendment and has consented thereto in writing.
As such, Urban Futures and Advisor has a Fiduciary duty to the District and must provide both a Duty of Care and a Duty of Loyalty that entails the following.