§16530. Rights of State
1. Subrogation. The State is subrogated to the rights of a claimant awarded restitution assistance under this subchapter to the extent of the restitution assistance award made. The subrogation rights are against the person ordered to pay restitution to a victim for a securities violation.
[PL 2021, c. 576, §1 (NEW).]
2. Lien on recovery. The State is entitled to a lien in the amount of the restitution assistance award on any recovery made by or on behalf of a victim. The State may assert its right to this amount in a separate action or intervene in an action brought by or on behalf of the victim.
[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