32-2. Definition of terms.
(a) 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, 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" within the meaning of this Article when it is in fact done honestly, whether it be done negligently or not. (1923, c. 85, s. 1; C.S., s. 1864(e); 1965, c. 628, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 1 - Uniform Fiduciaries Act.
§ 32-3 - Application of payments made to fiduciaries.
§ 32-5 - Transfer of negotiable instrument by fiduciary.
§ 32-6 - Check drawn by fiduciary payable to third person.
§ 32-7 - Check drawn by and payable to fiduciary.
§ 32-8 - Deposit in name of fiduciary as such.
§ 32-9 - Deposit in name of principal.
§ 32-10 - Deposit in fiduciary's personal account.
§ 32-11 - Deposit in names of two or more trustees.