Massachusetts Supreme Judicial Court· 7/8/1948

Durfee v. Durfee & Canning, Inc.

Citations

323 Mass. 187
80 N.E.2d 522
1948 Mass. LEXIS 576

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

“officers and directors are not permitted to use their position of trust and confidence to further their private interests”
their “paramount duty is to the corporation, and their personal pecuniary interests are subordinate to that duty”
“[T]he argument that a fiduciary is not subject to the general rule [regarding corporate opportunities] where the corporation itself is unable to take advantage of [the opportunity] is not persuasive.”
corporation’s alleged credit weakness did not allow director to take opportunity that should have been disclosed
corporation’s alleged credit weakness does not allow director to exploit opportunity
corporation’s alleged credit weakness does not allow director to exploit opportunity

Source: CourtListener parenthetical corpus (CC0).

Judges: Dolan

Read full opinion on CourtListener

Cited by

74 cases in this archive cite this case; the 20 most cited are listed.

Cites

21 cases in this archive are cited by this case; the 20 most cited are listed.

Sourced from CourtListener / Free Law Project (CC0).

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