§ 35-2-102 — Chapter definitions

Tennessee § 35-2-102

• Jurisdiction: Tennessee
• Title: 35

Text

(a) In this chapter, unless the context 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, personal representative, 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 as such owes an obligation; and (5) "Savings institution" includes a federal or state savings and loan association or savings bank. (b) A thing is done "in good faith," within the meaning of this chapter, when it is in fact done honestly, whether it is done negligently or not.

Legislative History

Acts 1953, ch. 82, § 1 (Williams, § 9596.18); T.C.A. (orig. ed.), § 35-202; Acts 1985, ch. 167, § 1; 1988, ch. 854, § 13.