§16526. Conditions under which award of restitution assistance prohibited
The administrator may not award restitution assistance if: [PL 2021, c. 576, §1 (NEW).]
1. Participating in or committing securities violation. The victim sustained the monetary injury primarily as a result of:
A. Participating or assisting in a securities violation; or [PL 2021, c. 576, §1 (NEW).]
B. Attempting to commit or committing a securities violation; [PL 2021, c. 576, §1 (NEW).]
[PL 2021, c. 576, §1 (NEW).]
2. Profit from securities violation. The victim profited or would have profited from a securities violation;
[PL 2021, c. 576, §1 (NEW).]
3. Previous restitution assistance. The victim has received restitution assistance under this subchapter in the previous 5 years; or
[PL 2021, c. 576, §1 (NEW).]
4. Final order overturned. An award of restitution in a final order is overturned on appeal.
[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