Generally,shareholders owe a fiduciary duty to other shareholders of the corporation.

Name: Generally,shareholders owe a fiduciary duty to other shareholders of the corporation.
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Question

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Shareholders do not owe a fiduciary duty to other shareholders. Rather, they owe a duty to the corporation as a whole, which includes all shareholders. However, certain shareholders who are also officers or directors of the corporation may owe a fiduciary duty to the corporation and its shareholders.

Generally,shareholders Owe a Fiduciary Duty to Other Shareholders of the Corporation