Corporate Officers Must Resign In Writing: Fla. Appeals Court

Law360, New York (April 24, 2013, 5:27 PM EDT) -- A Florida appeals court on Wednesday reversed a lower court ruling in a breach of fiduciary duty dispute between two partners behind Pain Reduction Concepts Inc., saying Florida statute explicitly requires written notice before a corporate officer can resign from a company.

A three-judge panel of the First District Court of Appeals in Tallahassee ruled that the Duval County Circuit Court erred when it sided with Adam K. Frisbie, the 49 percent owner in Pain Reduction, by ruling that he did not breach his fiduciary duty...
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