Advantage gained by fiduciary

Advantage gained by fiduciary.—Where a trustee, executor, partner, agent, director of a company, legal advisor, or other person bound in a fiduciary character to protect the interests of another person, by acting in that character, gains any pecuniary advantage, or where any person so bound enters into any dealing under circumstances in which his own interests are, or may be, adverse to those of such other person and thereby gains a pecuniary advantage, he must hold for the benefit of such other person the advantage so gained.