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Idaho Code § 68-301

Definition of terms

Known as the Uniform Fiduciaries Law

The act spans §§ 68–68 (15 sections).

Applied in 1 court decision — leading case Hopkins v. D.L. Evans Bank (In Re Fox Bean Co.) (2002)

Most recently applied in Hopkins v. D.L. Evans Bank (In Re Fox Bean Co.) (December 2002)

1925, ch. 217, § 1, p. 393; I.C.A., § 66-301.

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) 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.

“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 (2) or more persons having a joint or common interest.

“Principal” includes any person to whom a fiduciary as such owes an obligation.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.