Document Type
Article
Media Type
Text
Abstract
The purpose of this article is to review the development of the fiduciary duty owed in closely-held corporations. The judicially developed rule expands the ability of the courts to provide relief for shareholders who lack the voting power to force a change and has neither a statutory nor contractual right to relief. The authors identify the theoretical basis, general scope and content of the rule, as well as some other issues that still need to be decided in the course of the further development of the rule.
First Page
239
Last Page
266
Publication Date
5-1-1998
Department
Other
ISSN
0734-1490
Language
eng
Publisher
Northern Illinois University Law Review
Recommended Citation
Van Vliet, James M. Jr. and Snider, Mark D.
(1998)
"The Evolving Fiduciary Duty Solution for Shareholders Caught in a Closely Held Corporation Trap,"
Northern Illinois University Law Review: Vol. 18:
Iss.
2, Article 7.
Suggested Citation
James M. Van Vliet Jr. and Mark D. Snider, The Evolving Fiduciary Duty Solution for Shareholders Caught in a Closely Held Corporation Trap, 18 N. Ill. U. L. Rev. 239 (1998).
