Skip Navigation

6310 Hillside Court
Suite 160
Columbia, MD 21046

P. 410-290-0707

 

 

Baltimore, MD 

P. 410-962-1199

Contract modification of fiduciary duty

Court Holds Partnership Fiduciary Duties Modified by Contract


In a reported opinion issued August 26, 2008 in Clancy v. King, the Maryland Court of Appeals further clarified the modification of partnership fiduciary duties.  The Court held that fiduciary duties in a limited partnership can be contractually limited under Maryland law.  This matter stemmed from on-going disputes between author Tom Clancy and his ex-wife over continuing business interests.


BTLG Attorneys At Law

Talk to a lawyer

Bold labels are required.

News from BTLG:

Expansion of Definition of Race to Include Hairstyles
Effective October 1, 2020, the definition of race under Maryland discrimination laws has been expanded to also include hair styles
Maryland Economic Stabilization Act (“Mini Warn Law”)
Effective October 1, 2020, Maryland employers who employee 50 or more individuals are required to comply with updated mandatory provisions of the Maryland Economic Stabilization Act (“Mini Warn Law”)
Insurance Coverages for Businesses: Will your insurance cover you for a coronavirus-related loss?
Some insurance policies may allow for claims on coronavirus related losses
Maryland closes restaurants, gyms and theaters
Maryland Governor Hogan issued an Executive Order with further direct impact to Maryland business
More BTLG News