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lwpat
lwpat, Attorney
Category: Legal
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Experience:  Actively practicing trial attorney
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Does a director who has resigned have any continuing fiduciary

Resolved Question:

Does a director who has resigned have any continuing fiduciary duties to the corporation or its shareholders?
Submitted: 7 years ago.
Category: Legal
Expert:  lwpat replied 7 years ago.
Not unless the director holds another position in the company or is a majority stockholder but he cannot use any confidential information obtained while a director.
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