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