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§ 32.2 — North Carolina Law | CourtGPT
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North Carolina Legal Code

§ 32.2

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\n(a) In this Article unless the context or subject matter otherwise requires:\n'Bank' includes any person or association of persons, whether incorporated or not, carrying on the business of banking.\n'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.\n'Person' includes a corporation, partnership, or other association, or two or more persons having a joint or common interest.\n'Principal' includes any person to whom a fiduciary as such owes an obligation.\n(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.)

Source: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/ByChapter/Chapter_32.html· Version 2026