Illinois General Assembly - Illinois Compiled Statutes

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760 ILCS 65/1

(760 ILCS 65/1) (from Ch. 17, par. 2001)

Sec. 1.

(1) In this Act unless the context or subject matter otherwise requires:

"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.

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

(2) A thing is done "in good faith" within the meaning of this Act, when
it is in fact done honestly, whether it be done negligently or not.

(Source: Laws 1931, p. 676.)