Definition of good faith

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In this subchapter, 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.

(Aug. 23, 2021, D.C. Act 24-159, § 7033, 68 DCR 008602.)


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