N.Y. General Business Law § 359-i: Definitions

§ 359-i. Definitions. 1. In this article 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, executor, administrator, guardian,

conservator, curator, committee, 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.

2. An act is done "in good faith" when it is done in fact honestly,

whether it be done negligently or not.