Alabama § 8-6-174 Notification of Certain Third Parties - Disclosure of Information

Alabama Statutes

§ 8-6-174 — Notification of Certain Third Parties - Disclosure of Information

Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 6 Securities·Art. 7 Protection of Vulnerable Adults from Financial Exploitation Act

If a qualified individual reasonably believes that financial exploitation of a vulnerable adult may have occurred, may have been attempted, or is being attempted, the qualified individual may notify a reasonably associated individual, legal guardian, any third party previously designated by the vulnerable adult, conservator, co-trustee, successor trustee, or agent under a power of attorney of the vulnerable adult of such belief. Disclosure may not be made to a designated third party that is suspected of financial exploitation or other abuse of the vulnerable adult.

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If a qualified individual reasonably believes that financial exploitation of a vulnerable adult may have occurred, may have been attempted, or is being attempted, the qualified individual may notify a reasonably associated individual, legal guardian, any third party previously designated by the vulnerable adult, conservator, co-trustee, successor trustee, or agent under a power of attorney of the vulnerable adult of such belief. Disclosure may not be made to a designated third party that is suspected of financial exploitation or other abuse of the vulnerable adult.

Alabama § 8-6-174 (Notification of Certain Third Parties - Disclosure of Information) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.