Questioning the Trust Law Duty of Loyalty: Sole Interest or Best Interest?

The duty of loyalty requires a trustee to administer the trust solely in the interest of the beneficiaries. Any transaction in which the trustee has an actual or potential interest violates the sole interest rule, no matter how beneficial the transaction to the beneficiaries. This Article develops t...

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Veröffentlicht in:	The Yale law journal 2005-03, Vol.114 (5), p.929-990
1. Verfasser:	Langbein, John H.
Format:	Artikel
Sprache:	eng
Schlagworte:	Beneficiaries Conflict Conflict of interests (Agency) Conflicts of interest Corporate trustees Courts Economic law Equity Estate administration Fiduciary duties Fiduciary responsibility Financial investments Fraud Investment trusts Law Laws, regulations and rules Legal protection Legislation Loyalty Militarism Mutual funds Powers and duties Property trusts Rule of law Self-interest State court decisions Trust Trust administration Trust departments Trust funds Trusts Trusts and trustees U.S.A
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