District of Columbia § 21-1701 Definitions.

District of Columbia Statutes

§ 21-1701 — Definitions.

District of Columbia·Title 21 Fiduciary Relations and Persons with Mental Illness. [Enacted title]·Ch. 17 General Fiduciary Relations.·Subch. I Uniform Fiduciaries Act.

(a)In this chapter unless the context otherwise requires: “bank” includes a person or association of persons, whether incorporated or not, carrying on the business of banking; “fiduciary” includes a trustee under a trust, express, 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 other person acting in a fiduciary capacity for a 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 a person to whom a fiduciary as such owes an obligation.

(b)A thing is done “in good faith” within

Free access — add to your briefcase to read the full text and ask questions with AI

(a) In this chapter unless the context otherwise requires: “bank” includes a person or association of persons, whether incorporated or not, carrying on the business of banking; “fiduciary” includes a trustee under a trust, express, 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 other person acting in a fiduciary capacity for a 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 a person to whom a fiduciary as such owes an obligation.

(b) A thing is done “in good faith” within the meaning of this chapter, when it is in fact done honestly, whether negligently or not.

District of Columbia § 21-1701 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.