Fiduciary duties
A fiduciary owes the duty of loyalty and good faith, integrity of the strictest kind, fair, honest dealing, and the duty not to conceal matters which might influence his actions to his principal’s prejudice.
Fiduciary liabilities
Fiduciary responsibility in Texas – If the fiduciary violates his duty, he can be liable for the actual damages caused by his violation as well as exemplary or punitive damages.
More information
For more information about fiduciaries, their duties and liabilities, view the “Trustee Overview” in the menu under “TRUSTEE.”
