Self-dealing trustees must both disgorge profits and pay restoration damages, says NM Supreme Court
In Miller v. Bank of America, N.A. (June 15, 2015), the New Mexico Supreme Court has held that trustees who engage in self-dealing transactions are required both to pay restoration damages (for any losses sustained) and to disgorge any profits … Continue reading
Posted in New Mexico Supreme Court, Opinions and Analysis
Tagged Fiduciary Duties, Justice Charles Daniels, Remedies, Trusts & Estates
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