{"data":{"id":"us-il/765-ilcs-1026-15-601","jurisdiction":"us-il","citation":"765 ILCS 1026/15-601","heading":"Definition of good faith.","body":"In this Article, payment or delivery of property is made in good faith if a holder:\n(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 Act; or\n(2) made payment or delivery:\n(A) in response to a demand by the administrator or administrator's agent; or\n(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.","path":["CHAPTER 765 PROPERTY","Revised Uniform Unclaimed Property Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=3794\u0026ChapterID=62\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:46Z","sha256":"a7ca63532ee8f9808ded3a5685f1e30e95f9202acfaa94ffef9cdb307e2174b9","source_id":"us-il","stale":false,"prev":"us-il/765-ilcs-1026-15-504","next":"us-il/765-ilcs-1026-15-602"},"notice":"GroundRules: Original legal text. Not legal advice."}