Definitions

15 V.I.C. § 1041 — under Liability for Breach of Fiduciary Duty.

15 V.I.C. § 1041

(a) In this chapter, unless the context or subject matter requires otherwise—“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; and“principal” includes any person to whom a fiduciary as such owes an obligation.

“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; and

“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.