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Fiduciaries and Trusts | |
Fiduciaries | |
Section 1 | Definitions. |
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22-1-1. Definitions. In this chapter unless the context or subject matter otherwise requires: "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, and any other person acting in a fiduciary capacity for any person, trust or estate. "Principal" includes any person to whom a fiduciary as such owes an obligation. A thing is done "in good faith" when it is in fact done honestly, whether it is done negligently or not.
No Change Since 1953 |
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