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Full-Text Articles in Law
Class Of 2018 Incoming Il Law Students, St. Mary's University School Of Law, St. Mary's University School Of Law
Class Of 2018 Incoming Il Law Students, St. Mary's University School Of Law, St. Mary's University School Of Law
Incoming 1L Photos (Facebooks)
Photographs of incoming law students for the St. Mary’s University School of Law, class of 2018
Piercing The Fiduciary Veil, Colin P. Marks
Piercing The Fiduciary Veil, Colin P. Marks
Faculty Articles
Limited partnerships (LPs) and limited liability companies (LLCs) permit formation with a unique management structure in that these entities may be managed by another limited liability entity, such as a corporation. Thus, the true managers are those individuals who manage the manager. It is well settled that the managing entity, such as a corporate general partner, owes default fiduciary duties, but what of these second-tier managers? Technically, it is the managing entity that owes the duties, not the managing entity’s owners, officers, and directors, yet courts have struggled with strict adherence to this separation when it would seem inequitable to …