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Costs and judicial discretion

Costs and judicial discretion
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Limited Partnerships, Partnerships, Fiduciary Duties - Corporate/Commercial Law

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The following is a brief paper prepared with the assistance of
Lauren Vrsnik, articling student at-law on the topic of fiduciary
duties in the context of the partnership relationship.
1. General Overview of fiduciary duties in the corporate
setting
Section 97(1) of the MCA states that directors shall manage, or
supervise the management of, the business and affairs of a
corporation. The scope of a director s power is subject to any
unanimous shareholder agreement, the MCA, its regulations, and the
corporation s articles and by-laws. Directors may not delegate ....

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