Section 16521 - DefinitionsAs used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [2021, c. 576, §1(NEW).]
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. [2021, c. 576, §1(NEW).]
2.Eligible adult. "Eligible adult" means:A. An individual 65 years of age or older; or [2021, c. 576, §1(NEW).]B. An individual protected under the Adult Protective Services Act. [2021, c. 576, §1(NEW).] [2021, c. 576, §1(NEW).]
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. [2021, c. 576, §1(NEW).]
4.Fund. "Fund" means the Securities Restitution Assistance Fund established under section 16522. [2021, c. 576, §1(NEW).]
5.Securities violation. "Securities violation" means a violation of this chapter and any rules adopted pursuant to this chapter. [2021, c. 576, §1(NEW).]
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. [2021, c. 576, §1(NEW).]
Added by 2022, c. 576,§ 1, eff. 8/8/2022.