Sec. 16. (a) The
division may not award
restitution assistance under this chapter unless the
securities violation was adjudicated in a state or federal court or a regulatory agency administrative proceeding.
Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.
Terms Used In Indiana Code 23-20-1-16
- division: refers to the securities division of the office of the secretary of state. See Indiana Code 23-20-1-2
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- securities violation: means a violation of any of the following:
Indiana Code 23-20-1-6
- victim: means an individual who suffers monetary injury as a result of a securities violation. See Indiana Code 23-20-1-7
(1) a final order has been entered ordering restitution to the victim in a proceeding described in subsection (a); and
(2) the party ordered to pay restitution has not paid the full amount.
As added by P.L.114-2010, SEC.12.
