☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Fiduciary Duty of Loyalty

The obligation of corporate directors and officers to act in good faith and in the best interests of the corporation, avoiding self-dealing, conflicts of interest, and usurpation of corporate opportunities.

Etymology: Latin 'fiduciarius' (held in trust) + Old French 'loialte' · Category: Corporate Law · Source: Guth v. Loft, Inc., 5 A.2d 503 (Del. 1939)
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