Estate of Wayne C. Bongard, Deceased, James A. Bernards, Personal Representative - Page 27

                                       - 115 -                                        
          Majority op. pp. 58-59; fn. ref. omitted.                                   
               The majority opinion cites nothing in Minnesota law that               
          supports the above-quoted conclusions.  Irrespective of any “lack           
          of activity” following BFLP’s formation and any “failure [by                
          BFLP] to perform any meaningful functions”, majority op. pp. 58-            
          59, ISA Trust, as the general partner of BFLP, owed fiduciary               
          duties to decedent, and decedent, as a limited partner of BFLP,             
          owed fiduciary duties to ISA Trust.  Majority op. p. 59 note 12.            
          ISA Trust, as the general partner of BFLP, and decedent, as a               
          limited partner of BFLP, also owed fiduciary duties to BFLP.                
          Margeson v. Margeson, 376 N.W.2d 269, 272 (Minn. Ct. App. 1985).            
          In addition, the trustees of ISA trust owed fiduciary duties to             
          the beneficiaries of that trust.  Majority op. p. 59 note 12.               
          The majority opinion points to nothing in Minnesota law that                
          relieved decedent, ISA Trust, and its trustees of their                     
          respective fiduciary duties because of BFLP’s “lack of activity”            
          or “failure to perform any meaningful functions” during                     
          decedent’s lifetime.  Majority op. pp. 58-59.  ISA Trust and                
          decedent would be breaching their respective fiduciary duties to            
          each other and to BFLP, and the trustees of ISA Trust would be              
          breaching their fiduciary duties to the beneficiaries of that               
          trust, if they were to allow decedent to retain, as the majority            
          opinion concludes he did, “control over BFLP” and “control [over]           
          the units transferred to BFLP”, majority op. p. 58, and if, as              






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