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fiduciary obligations

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fiduciary obligations

Very high responsibilities of care, concern, representation, and confidentiality owed by one in a special relationship to another. An agent owes fiduciary obligations to the principal,who is also called the client.



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Katzie First Nation alleges that the Environment Ministry "breached its constitutional and fiduciary obligations to consult with and accommodate the plaintiff in regards to the plaintiff's Aboriginal rights, including title" and "breached its obligations to comply" with a 1995 cooperative management agreement between the parties for the park.
Cuomo said in his letter to Democratic lawmaker Barney Frank that his office was also examining whether senior officials at both companies "violated their own fiduciary obligations to shareholders.
55) The difference between such statutorily required reports and trust accountings is that the latter provides the basis for the beneficiaries to enforce fiduciary obligations against the trustee, while the former often spurs no action on the part of the informed agencies.
 
 
 
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