Burlington Northern & Sante Fe Railway Co. v. Burlington Resources Oil & Gas Co.

NEUMANN, Justice.

[¶ 1] The Burlington Northern and Sante Fe Railway Company, formerly known as Burlington Northern Railroad Company, (Burlington Northern) appeals from a judgment dismissing its action for breach of a fiduciary duty against Burlington Resources Oil & Gas Company, formerly known as Meridian (Meridian). We hold Burlington Northern’s authorization for Meridian to deal “for its own account” with Burlington Northern’s oil and gas rights was an “authority expressed in general terms” under N.D.C.C. § 3-02-05, and thus the obligations of a trustee under N.D.C.C. §§ 59-01-09 to…