§ 18-4-15. Definitions.
(a) In §§ 18-4-16 — 18-4-21, unless the context or subject matter otherwise requires:
(1) "Bank� includes 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
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§ 18-4-15. Definitions.
(a) In §§ 18-4-16 — 18-4-21, unless the context or subject matter otherwise requires:
(1) "Bank� includes 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 (2) or
more persons having a joint or common interest.
(4) "Principal� includes any person to whom a fiduciary owes an obligation.
(b) A thing is done "in good faithâ€�, within the meaning of §§ 18-4-16 — 18-4-21, when it is in fact done honestly, whether it is done negligently or not.