§ 32 §16521 — Definitions

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.
1.
Claimant.
"Claimant" means a victim that files an application for restitution assistance under this subchapter. "Claimant" includes the named party in a restitution award in a final order, the executor of a named party in a restitution award in a final order, the heirs and assigns of a named party in a restitution award in a final order and any other person with lawful authority to act for or on behalf of a named party in a restitution award in a final order.
2.
Eligible adult.
"Eligible adult" means:
3.
Final order.
"Final order" means a final order issued by the administrator under this chapter or a final order issued by a court in a legal action initiated by the administrator under this chapter.
4.
Fund.
"Fund" means the Securities Restitution Assistance Fund established under section 16522.
5.
Securities violation.
"Securities violation" means a violation of this chapter and any rules adopted pursuant to this chapter.
6.
Victim.
"Victim" means a person that suffered monetary injury as a result of a securities violation and was awarded restitution in a final order.

Legislative History

PL 2021, c. 576, §1 (NEW).