A fiduciary owes a duty to act for someone else's benefit, while subordinating one's personal interests to those of the other person. It is commonly referred to as the highest standard imposed by law. Recognizing the circumstances that impose such a duty under Texas law is not always simple. However, Texas law imposes a fiduciary duty in certain common relationships, including:
Attorney-client
Partners
Agents
Spouses
Holder of a power of attorney
Officers of corporation
Joint venturers
Executor of an estate
Trustee of a trust
Stockbrokers
Taxpayers
Class action representatives
Mineral rights holders to holders of non-executive interests
Condominium board members
Employees
Credit to O'Connor's, Texas Causes of Action (2008).
North Texas Fiduciary Litigation Attorneys - Dallas, Collin, Grayson
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