GroundRules
Utah Code § 67-4a-601: Definition of good faith.
Where this section sits in the code
- Title 67 State Officers and Employees
- Chapter 67-4a Revised Uniform Unclaimed Property Act
- Part 67-4a-6 Taking Custody of Property by Administrator
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:
(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.
Collected 2026-09-03T11:34:34Z. Source file · JSON