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HRS §556-1

Definitions of key terms in this chapter

This section explains what certain words mean in this chapter. It defines bank, fiduciary, person, principal, and what it means to act in good faith. These definitions help you understand the rest of the rules.

everyone

The statute, as written — Definition of terms

(a) In this chapter unless the context or subject matter otherwise requires: "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, personal representative, 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. (b) A thing is done "in good faith", when it is in fact done honestly, whether it be done negligently or not.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.