2016 Missouri Revised Statutes
TITLE XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY (456-475)
Chapter 456 Trusts and Trustees--The Uniform Trust Code
Section 456.240 (Transferred 2004; now 469.240)
469.240. 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
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