North Dakota § 47-30.2-30 (601) Definition of good faith

North Dakota Statutes

§ 47-30.2-30 — (601) Definition of good faith

North Dakota § 47-30.2-30

Title 47Property

Ch. 47-30.2Revised Uniform Unclaimed Property Act

This text of North Dakota § 47-30.2-30 ((601) Definition of good faith) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-30.2-30 (2026).

Text

In sections 47-30.2-30, 47-30.2-31, 47-30.2-32, 47-30.2-33, 47-30.2-34, 47-30.2-35, 47-30.2-36, 47-30.2-37, and 47-30.2-38, 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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In sections 47-30.2-30, 47-30.2-31, 47-30.2-32, 47-30.2-33, 47-30.2-34, 47-30.2-35,
47-30.2-36, 47-30.2-37, and 47-30.2-38, 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.