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Home / Opinion Digests / Wills & Trusts – Trust Assets – Bank Stock – Fiduciary Duty (access required)

Wills & Trusts – Trust Assets – Bank Stock – Fiduciary Duty (access required)

A Richmond U.S. District Court says defendant bank, as trustee, did not breach its fiduciary duty when it did not seek a court ruling allowing it to reduce the amount of stock it held in a bank founded by the grantor’s family, in order to protect trust assets. A couple set up a trust for their ...

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