{"data":{"id":"us-ny/n.y.-general-business-law-359-i","jurisdiction":"us-ny","citation":"N.Y. General Business Law § 359-i","heading":"Definitions","body":"§ 359-i. Definitions. 1. In this article unless the context or subject\nmatter otherwise requires:\n  \"Bank\" includes any person or association of persons, whether\nincorporated or not, carrying on the business of banking.\n  \"Fiduciary\" includes a trustee under any trust, expressed, implied,\nresulting or constructive, executor, administrator, guardian,\nconservator, curator, committee, receiver, trustee in bankruptcy,\nassignee for the benefit of creditors, partner, agent, officer of a\ncorporation, public or private, public officer, or any other person\nacting in a fiduciary capacity for any person, trust or estate.\n  \"Person\" includes a corporation, partnership, or other association, or\ntwo or more persons having a joint or common interest.\n  \"Principal\" includes any person to whom a fiduciary as such owes an\nobligation.\n  2. An act is done \"in good faith\" when it is done in fact honestly,\nwhether it be done negligently or not.","path":["General Business Law","Article 23-B. Transactions With or By Fiduciaries"],"source_url":"https://legislation.nysenate.gov/api/3/laws/GBS/359-I","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"5f795613770a3908d9032d54d238428c2e1fbb785d266d34284771aff06097db","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-general-business-law-359-h","next":"us-ny/n.y.-general-business-law-359-l"},"notice":"GroundRules: Original legal text. Not legal advice."}