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

Idaho Statutes

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

Idaho·Title 14 ESTATES OF DECEDENTS·Part 6 TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR·Ch. 5 REVISED UNCLAIMED PROPERTY ACT

" 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.

Free access — add to your briefcase to read the full text and ask questions with AI

" 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.

Idaho § 14-5-601 (DEFINITION OF “GOOD FAITH.”) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.