Duties of Directors and Offi cers. In 1978, David Brandt and Dean Somerville incorporated Posilock Puller, Inc. (PPI), to make and market bearing pullers. Each received half of the stock. Initially operating out of McHenry, North Dakota, PPI moved to Coopers town, North Dakota, in 1984 into a building owned by Somerville. After the move, Brandt’s participation in PPI diminished, and Somerville’s increased. In 1998, Somerville formed PL MFG as his own business to make components for the bearing pullers and sell the parts to PPI. The start-up costs included a $450,000 loan from Sheyenne Valley Electric Cooperative. PPI executed the loan documents and indorsed the check. The proceeds were deposited into an account for PL MFG, which did not sign a promissory note payable to PPI until 2000. When Brandt learned of PL MFG and the loan, he fi led a suit in a North Dakota state court against Somerville, alleging, in part, a breach of fi duciary duty. What fi duciary duty does a director owe to his or her corporation? What does this duty require? Should the court hold Somerville liable? Why or why not? [Brandt v. Somerville, 2005 ND 35, 692 N.W.2d 144 (2005)]