Current as of January 01, 2019 | Updated by FindLaw Staff
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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:
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.
Cite this article: FindLaw.com - Maine Revised Statutes Title 33. Property § 2111. Definition of good faith - last updated January 01, 2019 | https://codes.findlaw.com/me/title-33-property/me-rev-st-tit-33-sect-2111/
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