Arizona § 14-7501 Definitions

Arizona Statutes

§ 14-7501 — Definitions

Arizona § 14-7501

Title 14Arizona Revised Statutes

Ch. 7TRUST ADMINISTRATION

Art. 5Uniform Fiduciaries Act

This text of Arizona § 14-7501 (Definitions) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 14-7501 (2026).

Text

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

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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.