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Self-dealing is when a person with a fiduciary duty to a company takes action to gain personal benefit, instead of for the benefit of the company. For people who may not have a direct fiduciary duty, it also refers to a person who buys or sells stocks before relevant information comes to the public, with the help of insiders of any applicable field. The self-dealing transaction is not solely voidable since the person who has a fiduciary duty to the corporation, according to the Delaware General Corporation Law (DGCL) Title 8, Chapter 1, Section 144, the New York Business Corporation Law(NYBCL), Section 713, and the California Corporation Code Section 310

[Last updated in March of 2022 by the Wex Definitions Team]