Maine Revised Statutes
Subchapter 5-A: SECURITIES RESTITUTION ASSISTANCE FUND
32 §16521. Definitions

§16521. Definitions
As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2021, c. 576, §1 (NEW).]
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.
[PL 2021, c. 576, §1 (NEW).]
2. Eligible adult. "Eligible adult" means:
A. An individual 65 years of age or older; or [PL 2021, c. 576, §1 (NEW).]
B. An individual protected under the Adult Protective Services Act. [PL 2021, c. 576, §1 (NEW).]
[PL 2021, c. 576, §1 (NEW).]
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.
[PL 2021, c. 576, §1 (NEW).]
4. Fund. "Fund" means the Securities Restitution Assistance Fund established under section 16522.
[PL 2021, c. 576, §1 (NEW).]
5. Securities violation. "Securities violation" means a violation of this chapter and any rules adopted pursuant to this chapter.
[PL 2021, c. 576, §1 (NEW).]
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.
[PL 2021, c. 576, §1 (NEW).]
SECTION HISTORY
PL 2021, c. 576, §1 (NEW).