Rhode Island General Laws 7-11.2-3. Notification of agencies and family members
If a qualified individual reasonably believes that financial exploitation of a qualified adult has occurred, has been attempted, or is being attempted, the qualified individual shall notify the department of business regulation as well as the office of healthy aging and law enforcement in accordance with § 42-66-8. Subsequent to providing this notification, an agent or qualified individual may notify an immediate family member, legal guardian, conservator, cotrustee, successor trustee, or agent under a power of attorney of the qualified adult of the belief.
History of Section.
P.L. 2019, ch. 225, § 1; P.L. 2019, ch. 231, § 1.
Terms Used In Rhode Island General Laws 7-11.2-3
- Agent: means an individual, other than a broker-dealer, who represents a broker-dealer in effecting or attempting to effect purchases or sales of securities or represents an issuer in effecting or attempting to effect purchases or sales of the issuer's securities; provided, that a partner, officer, or director of a broker-dealer or issuer, or an individual having a similar status or performing similar functions, is an agent only if the individual otherwise comes within the term. See Rhode Island General Laws 7-11.2-2
- Financial exploitation: means the wrongful or unauthorized taking, withholding, appropriation, or use of money, real property, or personal property of a qualified adult. See Rhode Island General Laws 7-11.2-2
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Immediate family member: means a spouse, child, parent, or sibling of a qualified adult. See Rhode Island General Laws 7-11.2-2
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Qualified adult: means :
(i) A person sixty (60) years of age or older; or
(ii) A person who:
(A) Has a mental or physical impairment that substantially limits one or more major life activities, whether the impairment is congenital or acquired by accident, injury, or disease, where the impairment is verified by medical findings; and
(B) Is between the ages of eighteen (18) and fifty-nine (59). See Rhode Island General Laws 7-11.2-2
- Qualified individual: means a person associated with a broker-dealer who serves in a supervisory, compliance, or legal capacity as part of his or her job. See Rhode Island General Laws 7-11.2-2
- Trustee: A person or institution holding and administering property in trust.