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Northeast Harbor Golf Club, Inc. v. Harris
Citation:
661 A.2d 1146 (1995)Facts
Nancy Harris was the president of the Northeast Harbor Golf Club. The Club’s only major asset was a golf course in Mount Desert. In 1979, Robert Suminsby informed Harris that he was the listing broker for the Gilpin property, which included an unused right-of-way on which the Club’s parking lot and clubhouse were located. Harris immediately agreed to purchase the Gilpin property in her own name for the asking price of $45,000. She did not disclose her plans to purchase the property to the Club’s board prior to the purchase. She only informed the board at its annual meeting that she had purchased the property. The board took no action in response. The Club filed a complaint against Harris, alleging that Harris breached her fiduciary duty.
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