§16523. Claims
1. Eligible victims. The following victims are eligible for restitution assistance:
A. A natural person who was a resident of the State at the time of the securities violation; and [PL 2021, c. 576, §1 (NEW).]
B. A person, other than a natural person, that was domiciled in the State at the time of the securities violation. [PL 2021, c. 576, §1 (NEW).]
[PL 2021, c. 576, §1 (NEW).]
2. Application. A person that is eligible for restitution assistance under this subchapter may submit an application in a manner and form prescribed by the administrator. The administrator may provide forms for the submission of applications.
[PL 2021, c. 576, §1 (NEW).]
3. Deadline. The application for restitution assistance under this subchapter must be received by the administrator not more than one year after the date of the final order awarding restitution to the victim.
[PL 2021, c. 576, §1 (NEW).]
4. Extension. Notwithstanding subsection 3, the administrator may grant an extension of time for submission of an application for restitution assistance for good cause shown by the claimant.
[PL 2021, c. 576, §1 (NEW).]
SECTION HISTORY
PL 2021, c. 576, §1 (NEW).
Structure Maine Revised Statutes
TITLE 32: PROFESSIONS AND OCCUPATIONS
Chapter 135: MAINE UNIFORM SECURITIES ACT
Subchapter 5-A: SECURITIES RESTITUTION ASSISTANCE FUND
32 §16522. Securities Restitution Assistance Fund
32 §16524. Confidentiality of personal information
32 §16525. Payment of restitution assistance; limits
32 §16526. Conditions under which award of restitution assistance prohibited
32 §16527. Final order overturned; recovery of restitution assistance
32 §16528. Award not subject to execution, attachment, garnishment or other process
32 §16531. Refund of excess award
32 §16532. Return of recovered money to fund