Idaho § 14-5-601 DEFINITION OF “GOOD FAITH.”

Idaho Statutes

§ 14-5-601 — DEFINITION OF “GOOD FAITH.”

Idaho § 14-5-601

Title 14ESTATES OF DECEDENTS

Part 6TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR

Ch. 5REVISED UNCLAIMED PROPERTY ACT

This text of Idaho § 14-5-601 (DEFINITION OF “GOOD FAITH.”) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 14-5-601 (2026).

Text

" For the purposes of this part, 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 that the holder reasonably believed required or permitted the property to be paid or delivered.

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" For the purposes of this part, 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 that the holder reasonably believed required or permitted the property to be paid or delivered.