Transfer of Goodwill Constitutes a Breach of Fiduciary Duty

Business Valuation Update BVLaw
Legal and Court Case Update
June 7, 2007
State Court
Arizona
Court of Appeals

Summary

The Arizona Court of Appeals determined that a husband breached his fiduciary duty to his spouse when he transferred the goodwill of his sole proprietorship to a corporation in the same line of business, which was solely owned by his brother's wife. The c ...

See Also

In re Marriage of Ann L. Gerow v. Bruce E. Covill

The Arizona Court of Appeals determined that a husband breached his fiduciary duty to his spouse when he transferred the goodwill of his sole proprietorship to a corporation in the same line of business, which was solely owned by his brother's wife. The c ...