14-7501. Definitions


A. In this article, unless the context otherwise requires:


1. "Bank" includes commercial banks, savings banks, trust companies, and any person
or association of persons, whether incorporated or not, carrying on the business of
banking.


2. "Fiduciary" includes a trustee under any trust, expressed, implied, resulting or
constructive, executor, administrator, guardian, conservator, curator, receiver, trustee
in bankruptcy, assignee for the benefit of creditors, partner, agent, officer of a
corporation, public or private, public officer, or any other person acting in a fiduciary
capacity for any person, trust or estate.


3. "Person" includes a corporation, partnership, or other association, or two or
more persons having a joint or common interest.


4. "Principal" includes any person to whom a fiduciary as such owes an obligation.


B. A thing is done "in good faith" within the meaning of this article, when it is
in fact done honestly, whether it be done negligently or not.