Utah § 67-4a-601 Definition of good faith.

Utah Statutes

§ 67-4a-601 — Definition of good faith.

Utah § 67-4a-601

Title 67State Officers and Employees

Ch. 67-4aRevised Uniform Unclaimed Property Act

Part 67-4a-6Taking Custody of Property by Administrator

This text of Utah § 67-4a-601 (Definition of good faith.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 67-4a-601 (2026).

Text

In this chapter, 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:

(2)(a) in response to a demand by the administrator or administrator's agent; or

(2)(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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In this chapter, 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:

(2)(a) in response to a demand by the administrator or administrator's agent; or
(2)(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.