§ 21–1701. Definitions.

(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.