Alabama § 8-6-171 Definitions

Alabama Statutes

§ 8-6-171 — Definitions

Alabama § 8-6-171

Title 8Commercial Law and Consumer Protection

Ch. 6Securities

Art. 7Protection of Vulnerable Adults from Financial Exploitation Act

This text of Alabama § 8-6-171 (Definitions) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 8-6-171 (2026).

Text

In this article, unless the context otherwise requires, the following words and terms shall have the following meanings:

(1)AGENT. The same meaning as in subdivision (2) of Section 8-6-2.

(2)BROKER-DEALER. The same meaning as in subdivision (3) of Section 8-6-2.

(3)COMMISSION. The Alabama Securities Commission.

(4)DEPARTMENT. The Department of Human Resources.

(5)FINANCIAL EXPLOITATION. Any of the following: a. The wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or property of a vulnerable adult. b. Any act or omission taken by a person, including through the use of a power of attorney, guardianship, or conservatorship of a vulnerable adult, to either of the following: 1. Obtain control through deception, intimidation, or undue influence over the

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In this article, unless the context otherwise requires, the following words and terms shall have the following meanings:
(1) AGENT. The same meaning as in subdivision (2) of Section 8-6-2.
(2) BROKER-DEALER. The same meaning as in subdivision (3) of Section 8-6-2.
(3) COMMISSION. The Alabama Securities Commission.
(4) DEPARTMENT. The Department of Human Resources.
(5) FINANCIAL EXPLOITATION. Any of the following:
a. The wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or property of a vulnerable adult.
b. Any act or omission taken by a person, including through the use of a power of attorney, guardianship, or conservatorship of a vulnerable adult, to either of the following:
1. Obtain control through deception, intimidation, or undue influence over the vulnerable adult’s money, assets, or property to deprive the vulnerable adult of the ownership, use, benefit, or possession of his or her money, assets, or property.
2. Convert money, assets, or property of the vulnerable adult to deprive the vulnerable adult of the ownership, use, benefit, or possession of his or her money, assets, or property.
(6) INVESTMENT ADVISER. The same meaning as in subdivision (18) of Section 8-6-2.
(7) INVESTMENT ADVISER REPRESENTATIVE. The same meaning as in subdivision (19) of Section 8-6-2.
(8) QUALIFIED INDIVIDUAL. Any agent, investment adviser representative, or person who serves in a supervisory, compliance, legal, or associated member capacity of a broker-dealer or investment adviser.
(9) REASONABLY ASSOCIATED INDIVIDUAL or ASSOCIATED MEMBER. An individual known to the investment adviser representative, broker-dealer, or firm who is reasonably associated with the account.
(10) VULNERABLE ADULT. Any of the following:
a. A person 65 years of age or older.
b. A protected person included and defined in Chapter 9 of Title 38.