Bargaining Away Fiduciary Duty: Considering Partnership Agreements After Kinder Morgan

The recent Dole and Kinder Morgan Court of Chancery opinions highlight the differing roles of fiduciary duties in corporations and limited partnerships.  In a blog post written for the Delaware Journal of Corporate Law, DJCL staff member Donald Huddler  summarizes the basic fiduciary duties of corporate fiduciaries and limited partnership fiduciaries and considers how the facts in Dole would be treated if they were governed by the terms of the Kinder Morgan partnership agreement, thus probing the outer limits of permissible conduct under limited partnership agreements.

Read more at http://www.djcl.org/blog.

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