{"data":{"id":"us-il/760-ilcs-65-1","jurisdiction":"us-il","citation":"760 ILCS 65/1","heading":"","body":"(1) In this Act unless the context or subject matter otherwise requires:\n\"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.\n\"Person\" includes a corporation, partnership, or other association, or two or more persons having a joint or common interest.\n\"Principal\" includes any person to whom a fiduciary as such owes an obligation.\n(2) A thing is done \"in good faith\" within the meaning of this Act, when it is in fact done honestly, whether it be done negligently or not.","path":["CHAPTER 760 TRUSTS AND FIDUCIARIES","Fiduciary Obligations Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2129\u0026ChapterID=61\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:45Z","sha256":"373126fa175736bb59b14c9e67693151a20efa057a6ef84092583c9aec65ee20","source_id":"us-il","stale":false,"prev":"us-il/760-ilcs-65-0.01","next":"us-il/760-ilcs-65-2"},"notice":"GroundRules: Original legal text. Not legal advice."}