Haw. Rev. Stat. § 556-1

Current through the 2024 Legislative Session

Section 556-1 - Definition of terms

(a) In this chapter 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, 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.

"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.

(b) A thing is done "in good faith", when it is in fact done honestly, whether it be done negligently or not.

HRS § 556-1

L 1945, c 197, §1; RL 1955, § 189-1; HRS § 556-1; am L 1976, c 200, pt of §1