§ 41–156.01. Definition of good faith.

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.