469.240 Definitions.

469.240. Definitions. — 1. In sections 469.240 to 469.350 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 or more persons having a joint or common interest; (4) "Principal" includes any person to whom a fiduciary as such owes an obligation. 2. A thing is done "in good faith" within the meaning of sections 469.240 to 469.350 , when it is in fact done honestly, whether it be done negligently or not. (L. 1959 S.B. 121 § 1, A.L. 2004 H.B. 1511) Transferred 2004; formerly 456.240