Hanson v. First State Bank & Trust Co.

How courts have described this case

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

• noting that a trustee “owes an undivided duty [of loyalty] to the beneficiary, and must not place himself in a position where his personal interest will conflict with the interest of the beneficiary”
• regardless of whether someone is called a trustee, managing partner, or director, “he occupies a fiduciary position. Equity abhors mere names, and looks to the substance”
• regardless of whether someone is called a trustee, managing partner, or director, “he occupies a fiduciary position. Equity abhors mere names, and looks to the substance”

Source: CourtListener parenthetical corpus (CC0).