Public Utilities – EMC – Deceased Members – Capital Credits – Retirement – Discount – Tort/Negligence – Breach of Fiduciary Duty ClaimLockerman v. South River Electric Membership Corp. Plaintiffs have failed to show that there is a fiduciary relationship between an electric membership corporation and its members. Therefore, plaintiffs have failed to prove the defendant-electric membership corporation breached a fiduciary duty when it discounted deceased members’ capital credits before paying them.
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Published: August 15, 2012
Time posted: 5:06 pm
Tags: Capital Credits, Deceased Members, Discount, EMC, Public Utilities, Retirement, Tort/Negligence – Breach of Fiduciary Duty Claim