Posted Sep. 26, 2012 at 6:18 a.m.
Ward and Smith, P.A.
TechLaw: Generally, a shareholder of a corporation owes no fiduciary duty to the corporation despite the shareholder's ownership interest. The shareholder can deal or refuse to deal with the corporation as the pure self-interest of the shareholder dictates. Is that still the law in North Carolina when the shareholder is the only owner of the corporation?
Sole shareholders: Is one greater than two?
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Ward and Smith, P.A.
TechLaw: Generally, a shareholder of a corporation owes no fiduciary duty to the corporation despite the shareholder's ownership interest. The shareholder can deal or refuse to deal with the corporation as the pure self-interest of the shareholder dictates. Is that still the law in North Carolina when the shareholder is the only owner of the corporation?
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