New York § 359-I - 359-IDefinitions
Full text of New York New York Consolidated Laws § 359-I — 359-IDefinitions, with citation guidance and answers to common questions.
§ 359-I. 359-IDefinitions
§ 359-i. Definitions. 1. In this article 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, executor, administrator, guardian, conservator, curator, committee, 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. An act is done "in good faith" when it is done in fact honestly, whether it be done negligently or not.
Frequently Asked Questions About New York § 359-I
What does New York Consolidated Laws § 359-I cover?
Section 359-I ("359-IDefinitions") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 359-I?
A common citation format is "New York Consolidated Laws § 359-I" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 359-I apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.