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Thomas Molony, associate professor of law, �þ��� School of Law[/caption]Molony’s article, which appeared in Notes Bearing Interest, a publication of the Business Law Section of the NCBA, discusses recent court decisions examining:

• whether a 50% shareholder of a North Carolina corporation has standing to bring a direct claim against another 50% shareholder for breach of fiduciary duty;
• whether an individual shareholder of a North Carolina corporation has standing to bring a direct claim against directors for breaching their duty of candor;
• whether a member of a North Carolina limited liability company may bring a breach of fiduciary duty claim against the company’s manager with respect to the receipt of a personal benefit when the company’s operating agreement grants broad authority to the manager and specifically permits competition with the company.

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