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Section 601 - Definition of good faith.

UT Code § 67-4a-601 (2019) (N/A)
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(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 that the holder reasonably believed required or permitted the property to be paid or delivered.

(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.

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Section 602 - Dormancy charge.