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Current as of January 01, 2025 | Updated by Findlaw Staff
As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.
1. Claimant. “Claimant” means a victim that files an application for restitution assistance under this subchapter. “Claimant” includes the named party in a restitution award in a final order, the executor of a named party in a restitution award in a final order, the heirs and assigns of a named party in a restitution award in a final order and any other person with lawful authority to act for or on behalf of a named party in a restitution award in a final order.
2. Eligible adult. “Eligible adult” means:
A. An individual 65 years of age or older; or
B. An individual protected under the Adult Protective Services Act.
3. Final order. “Final order” means a final order issued by the administrator under this chapter or a final order issued by a court in a legal action initiated by the administrator under this chapter.
4. Fund. “Fund” means the Securities Restitution Assistance Fund established under section 16522.
5. Securities violation. “Securities violation” means a violation of this chapter and any rules adopted pursuant to this chapter.
6. Victim. “Victim” means a person that suffered monetary injury as a result of a securities violation and was awarded restitution in a final order.
Cite this article: FindLaw.com - Maine Revised Statutes Title 32. Professions and Occupations § 16521. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/me/title-32-professions-and-occupations/me-rev-st-tit-32-sect-16521/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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