469.240. Definitions. - Missouri Statutes

Definitions.

469.240. 1. In sections 469.240 to 469.350 unless the context orsubject matter otherwise requires:

(1) "Bank" includes any person or association of persons, whetherincorporated 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 thebenefit of creditors, partner, agent, officer of a corporation, public orprivate, public officer, or any other person acting in a fiduciary capacityfor any person, trust or estate;

(3) "Person" includes a corporation, partnership, or otherassociation, or two or more persons having a joint or common interest;

(4) "Principal" includes any person to whom a fiduciary as such owesan obligation.

2. A thing is done "in good faith" within the meaning of sections469.240 to 469.350, when it is in fact done honestly, whether it be donenegligently or not.

(L. 1959 S.B. 121 § 1, A.L. 2004 H.B. 1511)

*Transferred 2004; formerly 456.240