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" Many forms of conduct permissible in a workaday world for those acting at arm's length are forbidden to those bound by fiduciary ties. A trustee is held to something stricter than the morals of the market place. Not honesty alone, but the punctilio of... "
United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ... - 98. lappuse
autors: United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1943
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Nine American Jewish Thinkers

Milton R Konvitz - 200 lapas
...copartners, owe to one another, while the enterprise continues, the duty of the finest loyalty.. . . A trustee is held to something stricter than the morals...most sensitive, is then the standard of behavior.... Only thus has the level of conduct for fiduciaries been kept at a higher level than that trodden by...
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Law and Practice in Corporate Control

Chester Rohrlich - 2000 - 286 lapas
...courts in applying them. Dividends,* 0 salaries, etc. Since the primary desire of stockholders is to * 8 "A trustee is held to something stricter than the...most sensitive, is then the standard of behavior", Cardozo, CJ, in Meinhard v. Salmon, 249 NY 458, 464, 164 NE 545, 546 (1928). It has been asserted that...
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Writing Off Ideas: Taxation, Foundations, and Philanthropy in America

Randall G. Holcombe - 300 lapas
...acting at arm's length, are forbidden by those bound by fiduciary ties. A trustee is held accountable to something stricter than the morals of the market...but the punctilio of an honor the most sensitive, is the standard of behavior." 5 One might imagine, for example, two individuals with stock portfolios,...
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The Legalist Reformation: Law, Politics, and Ideology in New York, 1920-1980

William E. Nelson - 2003 - 480 lapas
...Chief Judge Cardozo eloquently summed up the law of the 1920s in Meinhard v. Salmon, fiduciaries were "held to something stricter than the morals of the...developed a tradition that is unbending and inveterate. Uncompromising rigidity has been the attitude of courts of equity. . . . Only thus has the level of...
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Conflict of Interest in the Professions

Michael Davis, Andrew Stark - 2001 - 364 lapas
...a workaday world for those acting at arm's length, are forbidden to those bound by fiduciary ties. A trustee is held to something stricter than the morals...most sensitive, is then the standard of behavior. '5 The fiduciary relation closely resembles the relation of agent and principal, in which one person...
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Criminal Finance:The Political Economy of Money Laundering in a Comparative ...

Kris Hinterseer - 2002 - 514 lapas
...a workaday world for those acting at arm's length, are forbidden to those bound by fiduciary ties. A trustee is held to something stricter than the morals...place. Not honesty alone, but the punctilio of an honour the most sensitive is then the standard of behaviour30." Equity, because it is associated with...
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Management of Indian Tribal Trust Funds: Hearing Before the Committee on ...

United States. Congress. Senate. Committee on Indian Affairs (1993- ) - 2002 - 304 lapas
...Indians should — and I am going to quote this — "be judged by the most exacting fiduciary standards, not honesty alone, but the punctilio of an honor the most sensitive." That is language quoting directly from Justice Cardozo when he was a judge on the New York Court of...
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Legal Spectator & More

Jacob A. Stein - 320 lapas
...a workaday world for those acting at arm's length, are forbidden to those bound by fiduciary ties. A trustee is held to something stricter than the morals...developed a tradition that is unbending and inveterate. Uncompromising rigidity has been the attitude of courts of equity when petitioned to undermine the...
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Investing in Pension Funds and Endowments

Russell L. Olson - 2003 - 431 lapas
...those bound by fiduciary ties. A trustee [fiduciaryl is xvii held to something stricter than the words of the market place. Not honesty alone, but the punctilio...developed a tradition that is unbending and inveterate." — Justice Benjamin N. Cardozo. 1928. These pages are about institutional tax-free investing because...
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Advanced Private Equity Term Sheets and Series A Documents

Joseph W. Bartlett, Ross Barrett, Michael Butler (Lawyer) - 2003 - 588 lapas
...adventurers . . . owe to one another, while the enterprise continues, the duty of the finest loyalty. . . . Not honesty alone, but the punctilio of an honor the...most sensitive, is then the standard of behavior.") Id. ("As to this [duty] there has developed a tradition that is unbending and inveterate. Uncompromising...
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