§412:8-101  Definitions.  In thisarticle:

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

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

"Trust holding company" means a financialinstitution holding company, other than a bank or a bank holding company whichcontrols a trust company or another trust holding company.  A bank which isauthorized 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 trustbusiness is solely through such subsidiary, division or department. [L 1993, c350, pt of §1]