Maine Statutes
§ 33 §2111 — Definition of good faith
In this subchapter, payment or delivery of property is made in good faith if a holder:
1.Reasonable basis.
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 Act; or
2.Payment or delivery.
Made payment or delivery:
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Legislative History
PL 2019, c. 498, §22 (NEW).
Nearby Sections
15
§ 33 §2101
Notice to apparent owner by holder§ 33 §2102
Contents of notice by holder§ 33 §2103
Notice by administrator§ 33 §2111
Definition of good faith§ 33 §2112
Dormancy charge§ 33 §2116
Property removed from safe deposit box§ 33 §2118
Administrator's options as to custody§ 33 §2120
Periods of limitation and repose