§412:8-101  Definitions.  In this
article:



"Client" means a customer of a trust
company, including without limitation a settlor or beneficiary with a vested
interest, the grantor of a power, or the principal in an agency relationship. 
When context permits, both the settlor and the beneficiary may be clients at
the same time.



"Trust company" means a Hawaii
financial institution which has been permitted to use the term "trust
company" as part of its name, or a subsidiary, trust division or
department of a bank that is a Hawaii financial institution, which engages
primarily in the business of acting as a trustee, personal representative,
guardian, agent, and other fiduciary, either by court appointment or by
agreement.



"Trust holding company" means a financial
institution holding company, other than a bank or a bank holding company which
controls a trust company or another trust holding company.  A bank which is
authorized to engage in the business of a trust company through a subsidiary,
division or department of the bank is not a trust holding company if its trust
business is solely through such subsidiary, division or department. [L 1993, c
350, pt of §1]