Maine Revised Statutes Title 32 Sec. 16804 – Third-party disclosures
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 32 Sec. 16804
- Adult: means a person who has attained the age of 18 years. See Maine Revised Statutes Title 1 Sec. 72
- Eligible adult: means :
A. See Maine Revised Statutes Title 32 Sec. 16801Financial exploitation: means :
A. See Maine Revised Statutes Title 32 Sec. 16801Qualified individual: means an agent, investment adviser representative or individual who serves in a supervisory, compliance or legal capacity for a broker-dealer or investment adviser. See Maine Revised Statutes Title 32 Sec. 16801
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 any 3rd party previously designated by the eligible adult. Disclosure may not be made to any designated 3rd party that is suspected of financial exploitation or other abuse of the eligible adult. [PL 2019, c. 17, §1 (NEW).]
SECTION HISTORY
PL 2019, c. 17, §1 (NEW).