SPECIAL-FACTS RULE

special facts rule

special-facts rule. Corporations. The principle that a director or officer has a fiduciary duty to disclose material inside information to a shareholder when engaging in a stock transaction under special circumstances, as when the shareholder lacks business acumen, the shares are closely held with no readily ascertainable market value, or the director or officer instigated […]

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special-facts rule

special-facts rule 特殊事实原则;特定情形原则 在公司法上,指公司董事或高级管理人员对在特定情形下进行股票交易的股东负有披露实质性内部信息的财产受托人义务。这类特殊情形包括股东缺乏商业技能、股份被特定少数人持有而不易确定其市场价值、董事或高级管理人员唆使股票交易等。该原则系多数情形原则的例外。 (→majority rule)

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