Sec. 8. "Principal" means:
(1) an individual:
(A) who is:
(i) at least eighteen (18) years of age;
(ii) emancipated; or
(iii) currently serving in the United States military; and
(B) includes an individual acting as a:
(i) trustee;
(ii) personal representative; or
(iii) fiduciary;
(2) a corporation;
(3) a limited liability company;
(4) a trust; or
(5) a partnership;
who signs a power of attorney granting powers to an attorney in fact.