Ind. Code § 30-2-4-1
Definitions
Indiana · Indiana Code Title 30 — Trusts and Fiduciaries · Status: effective
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- Ind. Code § 30-2-4-1, Definitions, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1668014
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Sec. 1.
(a) In this chapter unless the context or subject-matter otherwise requires:
(1) "Bank" includes any person or association of persons, whether incorporated 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 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.
(3) "Person" includes a corporation, limited liability company, partnership, or other association, or two (2) or more persons having a joint or common interest.
(4) "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 chapter, when it is in fact done honestly, whether it be done negligently or not.