duty of loyalty
duty of loyalty see duty

Merriam-Webster’s Dictionary of Law. . 1996.

duty of loyalty
USA
A fiduciary duty that requires a director of a corporation to act and make decisions in the best interest of the corporation, and not in the director's own personal interest. The duty of loyalty is governed by state law. See also duty of care.
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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