ยง556-1 - Definition of terms.
ยง556-1ย Definition of terms.ย (a)ย In
this chapter unless the context or subject matter otherwise requires:
"Bank" includes any person or
association of persons, whether incorporated or not, carrying on the business
of banking.
"Fiduciary" includes a trustee under
any trust, expressed, implied, resulting, or constructive, personal
representative, 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.
"Person" includes a corporation,
partnership, or other association, or two or more persons having a joint or
common interest.
"Principal" includes any person to
whom a fiduciary as such owes an obligation.
(b)ย A thing is done "in good faith",
when it is in fact done honestly, whether it be done negligently or not. [L
1945, c 197, ยง1; RL 1955, ยง189-1; HRS ยง556-1; am L 1976, c 200, pt of ยง1]