California Code of Regulations
Title 2 - Administration
Division 4.5 - Local Agency Deposit Security
Chapter 2 - Administrator of Local Agency Security
Subchapter 1 - General Provisions
Article 5 - Miscellaneous
Section 16001.5.15 - Good Faith

For purposes of this Chapter, for a person to accept or to continue to accept a statement in good faith requires that such person (i) be and continue to be alert to the circumstances surrounding such statement and (ii) if the person has any information which would cause a prudent man not to accept or to continue to accept the statement without inquiry, he has investigated and is satisfied that the statement is truthful.

1. New section filed 7-16-80; effective thirtieth day thereafter (Register 80, No. 29).

Note: Authority cited: Section 53661, Government Code. Reference: Article 2, Chapter 4, Part 1, Division 2, Title 5 of the Government Code.