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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) In this chapter unless the context otherwise requires:
“bank” includes a person or association of persons, whether incorporated or not, carrying on the business of banking;
“fiduciary” includes a trustee under a trust, express, 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 other person acting in a fiduciary capacity for a 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 a person to whom a fiduciary as such owes an obligation.
(b) A thing is done “in good faith” within the meaning of this chapter, when it is in fact done honestly, whether negligently or not.
Cite this article: FindLaw.com - District of Columbia Code Division III. Decedents' Estates and Fiduciary Relations. § 21-1701. Definitions. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-iii-decedents-estates-and-fiduciary-relations/dc-code-sect-21-1701/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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