Sole interest or best interest: Equity's traditional default loyalty principle is under attack
By EsqSocial Corporation 02/06/16
Some in academia have been advocating that trustees generally be held to a best-interest-of-beneficiary default standard rather than the traditional and more rigorous sole-interest-of-beneficiary default standard. See Loring and Rounds: A Trustee’s...
By: Charles E. Rounds, Jr.