Louisiana Revised Statutes 51:733 – A. If a qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, the qualified ind
Terms Used In Louisiana Revised Statutes 51:733
- Adult protection agency: means :
(a) The office of elderly affairs in the office of the governor, for any individual sixty years of age or older in need of adult protective services. See Louisiana Revised Statutes 51:732
- Eligible adult: means :
(a) A person sixty years of age or older. See Louisiana Revised Statutes 51:732
- Financial exploitation: means :
(a) The wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or property of an eligible adult. See Louisiana Revised Statutes 51:732
- Qualified individual: means any salesman, investment advisor representative, or person who serves in a supervisory, compliance, or other legal capacity for a dealer or investment advisor. See Louisiana Revised Statutes 51:732
A. If a qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, the qualified individual may notify the appropriate adult protection agency and the commissioner of securities.
B. A qualified individual who, in good faith and exercising reasonable care, makes a disclosure of information pursuant to this Section shall be immune from administrative or civil liability that might otherwise arise from such disclosure or for any failure to notify the customer of the disclosure.
Acts 2016, No. 580, §1, eff. Jan. 1, 2017.