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2020 Minnesota Statutes
Chapters 44A - 45A — Commerce
Chapter 45A — Financial Exploitation Protections For Older Or Vulnerable Adults
Section 45A.04 — Third-party Disclosures.
Universal Citation: MN Stat § 45A.04 (2020)
45A.04 THIRD-PARTY DISCLOSURES.
If a broker-dealer, investment adviser, or financial services provider reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, a broker-dealer, investment adviser, or financial services provider may notify a third party reasonably associated with the eligible adult or any other person permitted under state or federal law or rule, rules of a self-regulating organization, or customer agreement. Disclosure may not be made to a third party that is suspected of financial exploitation or other abuse of the eligible adult.
History:2018 c 161 s 4; 2020 c 85 s 4
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