§ 11-51-1002 — Definitions

As used in this part 10, unless the context otherwise
requires:

(1) Broker-dealer has the same meaning as in section 11-51-201 (2).

(2) Eligible adult means:

(a) A person seventy years of age or older; or

(b) An individual eighteen years of age or older who is susceptible to
mistreatment or self-neglect because the individual is unable to perform or obtain
services necessary for his or her health, safety, or welfare, or lacks sufficient
understanding or capacity to make or communicate responsible decisions
concerning his or her person or affairs.

(3) Financial exploitation means an act or omission committed by a person
who:

(a) Uses deception, harassment, intimidation, or undue influence to
permanently or temporarily deprive an eligible adult of the use, benefit, or
possession of any thing of value;

(b) Employs the services of a third party for the profit or advantage of the
person or another person to the detriment of the eligible adult;

(c) Forces, compels, coerces, or entices an eligible adult to perform services
for the profit or advantage of the person or another person against the will of the
eligible adult; or

(d) Misuses the property of an eligible adult in a manner that adversely
affects the eligible adult's ability to receive health care or health-care benefits or
to pay bills for basic needs or obligations.

(4) Investment adviser has the same meaning as in section 11-51-201 (9.5).

(5) Investment adviser representative has the same meaning as in section
11-51-201 (9.6).

(6) Qualified individual means any sales representative, investment adviser
representative, or person who serves in a supervisory, compliance, or senior
investor protection capacity for a broker-dealer or investment adviser.

(7) Sales representative has the same meaning as in section 11-51-201 (14).

Legislative History

Source: L. 2017: Entire part added, (HB 17-1253), ch. 289, p. 1604, � 2, effective July 1.