CALIFORNIA FAMILY LAW
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Community Property Issues
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Fiduciary Duty
.........Statutory Authority
6 Cards On This Topic:
Fiduciary duty statute.
Statutory remedies for breach of fiduciary duty.
Duty of fiduciary (as between persons with relationships of personal confidence) required in management of c/p. Disclosure of assets and obligations required, upon request.
Remedy for breach of fiduciary duty is award equal to at least 50% of undisclosed or transferred asset plus attorney fees and costs.
If damages due to breach of fiduciary duty arise from oppression fraud or malice damages can be 100% of undisclosed or transferred asset.
Termination of fiduciary duty.