N.Y. GBS. LAW § 359-i : NY Code - Section 359-I: Definitions

Search N.Y. GBS. LAW § 359-i : NY Code - Section 359-I: Definitions

1. In this article unless the context or subject
  matter otherwise requires:
    "Bank"   includes  any  person  or  association  of  persons,  whether
  incorporated or not, carrying on the business of banking.
    "Fiduciary" includes a trustee under any  trust,  expressed,  implied,
  resulting    or   constructive,   executor,   administrator,   guardian,
  conservator,  curator,  committee,  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.
    "Person" includes a corporation, partnership, or other association, or
  two or more persons having a joint or common interest.
    "Principal"  includes  any  person to whom a fiduciary as such owes an
  obligation.
    2. An act is done "in good faith" when it is done  in  fact  honestly,
  whether it be done negligently or not.