2021 New Jersey Revised Statutes
Title 49 - Sale of Securities
Section 49:3-85 - Definitions relative to financial exploitation of vulnerable adults.
49:3-85 Definitions relative to financial exploitation of vulnerable adults.
2. As used in this act:
"Applicable county adult services provider" means the county adult services provider that services the county of residence of the eligible adult.
"County adult protective services provider" has the meaning in section 2 of P.L.1993, c.249 (C.52:27D-407).
"Eligible adult" means:
(1) a person 65 years of age or older; or
(2) a person subject to the "Adult Protective Services Act," P.L.1993, c.249 (C.52:27D-406 et seq.).
"Financial exploitation" means:
(1) the wrongful or unauthorized taking, withholding, appropriation, or use of money, assets or property of an eligible adult; or
(2) any act or omission taken by a person, including through the use of a power of attorney, guardianship, or conservatorship of an eligible adult, to:
(a) obtain control, through deception, intimidation or undue influence, over the eligible adult's money, assets or property to deprive the eligible adult of the ownership, use, benefit or possession of his or her money, assets or property; or
(b) convert money, assets or property of the eligible adult to deprive such eligible adult of the ownership, use, benefit or possession of his or her money, assets or property.
"Qualified individual" means any broker-dealer, agent, investment adviser, investment adviser representative or other person who serves in a supervisory, compliance, legal, or senior investor protection capacity for a broker-dealer or investment adviser.
L.2019, c.340, s.2.
