2017 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 059 - Securities Regulation
Section 59.480 - Definitions for ORS 59.480 to 59.505.
As used in ORS 59.480 to 59.505:
(1)(a) "Financial exploitation" means:
(A) Wrongfully taking assets, funds or property belonging to or intended for the use of another person;
(B) Alarming another person by conveying a threat to wrongfully take or appropriate money or property of the person if the person would reasonably believe that the threat conveyed would be carried out;
(C) Misappropriating, misusing or transferring without authorization any money from any account held jointly or singly by another person; or
(D) Using the income or assets of another person for purposes other than the support and maintenance of the person without the person’s consent.
(b) "Financial exploitation" does not include a transfer of money or property that is made for the purpose of qualifying a person for Medicaid benefits or for any other state or federal assistance program, or the holding and exercise of control over money or property after such a transfer.
(2) "Financial institution" has the meaning given that term in ORS 706.008.
(3) "Qualified individual" means an individual who is:
(a) A salesperson;
(b) An investment adviser representative; or
(c) A person who serves in a supervisory, compliance or legal capacity for a broker-dealer or state investment adviser, or who is otherwise identified in the written supervisory procedures of a broker-dealer or state investment adviser.
(4) "Trust company" has the meaning given that term in ORS 706.008.
(5) "Vulnerable person" has the meaning given that term in ORS 124.100. [2017 c.514 §2]
