Minnesota Fiduciary Duties in the Closely Held Corporation Context – What Are They?
What Fiduciary Duties Are Owed in a Closely Held Corporation? What duties do shareholders in Minnesota owe each other? Breach of fiduciary duty claims is asserted when the shareholder relationship has deteriorated. These claims are often factually intensive. They can also be emotionally taxing if the shareholder relationship started from or grew into a friendship or involves claims between family