Terms Used In Arizona Laws > Title 46 > Chapter 4 > Article 2 - Financial Exploitation

• Abuse: means :

  (a) Intentional infliction of physical harm. See Arizona Laws 46-451

• Adult: means a person who has attained eighteen years of age. See Arizona Laws 1-215
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Eligible adult: means either of the following:

  (a) A person who is sixty-five years of age or older. See Arizona Laws 46-471

• Exploitation: means the illegal or improper use of a vulnerable adult or the vulnerable adult's resources for another's profit or advantage. See Arizona Laws 46-451
• Financial exploitation: means either of the following:

  (a) The wrongful or unauthorized taking, withholding, appropriating or use of money, assets or property of an eligible adult. See Arizona Laws 46-471

• including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
• Investment adviser: means a person who is licensed or exempt from licensure as an investment advisor pursuant to Title 44, Chapter 13. See Arizona Laws 46-471
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• Property: includes both real and personal property. See Arizona Laws 1-215
• Protective services: means a program of identifiable and specialized social services that may offer social services appropriate to resolve problems of abuse, exploitation or neglect of a vulnerable adult. See Arizona Laws 46-451
• Qualified individual: means a broker-dealer, investment adviser or person who serves in a supervisory, compliance, legal or senior investor protection capacity for a broker-dealer or investment adviser. See Arizona Laws 46-471
• Services: includes social casework, rehabilitation counseling and similar services rendered to a person or persons in need as provided for in this title. See Arizona Laws 46-101
• Vulnerable adult: means an individual who is eighteen years of age or older and who is unable to protect himself from abuse, neglect or exploitation by others because of a physical or mental impairment. See Arizona Laws 46-451