In Re Tufts Electronics, Inc., Tufts Radio & Electronics, Inc., Debtor. Charles D. Martin v. Richard G. Kagan

How courts have described this case

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

• holding that the sole shareholder, president, and director of corporation “cannot be accused of defrauding or concealing information from himself . . .”
• holding that corporate opportunity doctrine does not apply against sole shareholder who cannot defraud or conceal information from himself
• noting that a constructive trust may be imposed when creditor’s rights are prejudiced
• rights of creditors involved only when there has been prejudice to creditors
• fiduciary duty of disclosure under corporate opportunity doctrine inapplicable where close corporation had only one shareholder who was not obligated to prefer the corporation’s interests to his own in every action he took and could not fail to disclose to himself

Source: CourtListener parenthetical corpus (CC0).