The Kentucky Supreme Court clarified that the corporate fiduciary duty statute defined the duties of a director when acting in his official capacity on behalf of the corporation, but did not displace fiduciary duties when he was acting in his individual capacity and not in a corporate one. Thus, common law fiduciary duties survived enactment of statutes defining duties owed when acting on behalf of the corporation.
Fiduciary duties/corporations/ board member/officer/KRS 271B.8-300/pleading
