In this subchapter, payment or delivery of property is made in good faith if a holder:

1. 1. Reasonable basis 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 Act; or

   [PL 2019, c. 498, §22 (NEW).]

2. 2. Payment or delivery Made payment or delivery:

   1. A. In response to a demand by the administrator or administrator's agent; or

      [PL 2019, c. 498, §22 (NEW).]

   2. 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.

      [PL 2019, c. 498, §22 (NEW).]

   [PL 2019, c. 498, §22 (NEW).]

PL 2019, c. 498, §22 (NEW).