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Legal Terms- Fiduciary
[from Latin: fiducia; trust] 1. A trustee is obligated to act entirely for the advantage of the person they hold a position of trust or confidence over. Millett LJ in Bristol & West Building Society v Mothew [1996] provided a thorough discussion of fiduciary responsibility. EWCA Civ 533 & Armitage v Nurse (1997) EWCA Civ. 1279. 2. adj. In the position of trust or confidence. Fiduciary connections exist between trustees and beneficiaries, corporate promoters, directors and shareholders, solicitors and clients, and guardians and wards.
[from Latin: fiducia; trust] 1. A trustee is obligated to act entirely for the advantage of the person they hold a position of trust or confidence over. Millett LJ in Bristol & West Building Society v Mothew [1996] provided a thorough discussion of fiduciary responsibility. EWCA Civ 533 & Armitage v Nurse (1997) EWCA Civ. 1279. 2. adj. In the position of trust or confidence. Fiduciary connections exist between trustees and beneficiaries, corporate promoters, directors and shareholders, solicitors and clients, and guardians and wards.
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