Indiana Code 32-34-1.5-27. Good faith payment or delivery of property
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Sec. 27. In this chapter, payment or delivery of property is made in good faith if a holder:
(2) made payment or delivery:
(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 attorney general under this chapter; or
Terms Used In Indiana Code 32-34-1.5-27
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(A) in response to a demand by the attorney general or the attorney general’s agent; or
(B) under a guidance or ruling issued by the attorney general which the holder reasonably believed required or permitted the property to be paid or delivered.
As added by P.L.141-2021, SEC.20.