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In this chapter, unless the context 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, 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 (2) or more persons having a joint or common interest;
“Principal” includes any person to whom a fiduciary as such owes an obligation; and
“Savings institution” includes a federal or state savings and loan association or savings bank.
A thing is done “in good faith,” within the meaning of this chapter, when it is in fact done honestly, whether it is done negligently or not.