District of Columbia § 41-156.01 Definition of good faith.

District of Columbia Statutes

§ 41-156.01 — Definition of good faith.

District of Columbia § 41-156.01

Title 41Personal Property.

Ch. 1ARevised Uniform Unclaimed Property Act.

Subch. VITaking Custody of Property by Administrator.

This text of District of Columbia § 41-156.01 (Definition of good faith.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 41-156.01 (2026).

Text

(a)In this subchapter , payment or delivery of property is made in good faith if a holder:

(1)Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the Administrator under this chapter ; or

(2)Made payment or delivery:

(A)In response to a demand by the Administrator or Administrator's agent; or

(B)Under a guidance or ruling issued by the Administrator which the holder reasonably believed required or permitted the property to be paid or delivered.

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(a) In this subchapter , payment or delivery of property is made in good faith if a holder:

(1) Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the Administrator under this chapter ; or

(2) Made payment or delivery:

(A) In response to a demand by the Administrator or Administrator's agent; or

(B) Under a guidance or ruling issued by the Administrator which the holder reasonably believed required or permitted the property to be paid or delivered.