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. (Nov. 13, 2021, D.C. Law 24-45, § 7033, 68 DCR 010163.)
District of Columbia Legal Code