2016 Arizona Revised Statutes
Title 14 - Trusts, Estates and Protective Proceedings
§ 14-7501 Definitions
14-7501. Definitions
A. In this article, unless the context otherwise requires:
1. " Bank" includes commercial banks, savings banks, trust companies, and 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.
B. A thing is done " in good faith" within the meaning of this article, when it is in fact done honestly, whether it be done negligently or not.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
