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Simple English definitions for legal terms

fiduciary-shield doctrine

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A quick definition of fiduciary-shield doctrine:

Term: Fiduciary-Shield Doctrine

Definition: The fiduciary-shield doctrine is a principle that protects corporate officers from being held personally liable for actions taken on behalf of the corporation. This means that a corporate officer's actions cannot be used as a basis for jurisdiction over the officer in an individual capacity. Essentially, the doctrine shields officers from personal liability for actions taken in their official capacity as a fiduciary of the corporation.

A more thorough explanation:

The fiduciary-shield doctrine is a principle in corporate law that protects corporate officers from being held personally liable for actions taken on behalf of the corporation. This means that a corporate officer's act cannot be the basis for jurisdiction over the officer in an individual capacity.

For example, if a CEO of a company makes a decision that results in a lawsuit against the company, the CEO cannot be personally sued for that decision. The lawsuit would be against the company itself, not the CEO.

The fiduciary-shield doctrine is based on the idea that corporate officers have a fiduciary duty to act in the best interests of the corporation, and that they should be able to make decisions without fear of personal liability as long as they are acting in good faith and within the scope of their authority.

fiduciary heir | fief

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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