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Abstract

A late 1994 U.S. District Court case in California has raised a serious question about the liability of executors, administrators and other fiduciaries for the costs of toxic waste clean-up while the fiduciary had responsibility for the property in question. The potential liability of secured lenders for toxic waste clean-up has been a matter of concern for several years, but the liability of fiduciaries has only recently been raised and litigated.

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