Sec. 16. (a) The division may not award restitution assistance under this chapter unless the securities violation was adjudicated in a state or federal court or a regulatory agency administrative proceeding.

     (b) The division may not award restitution assistance under this chapter unless:

Terms Used In Indiana Code 23-20-1-16

  • division: refers to the securities division of the office of the secretary of state. See Indiana Code 23-20-1-2
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • securities violation: means a violation of any of the following:

    Indiana Code 23-20-1-6

  • victim: means an individual who suffers monetary injury as a result of a securities violation. See Indiana Code 23-20-1-7
(1) a final order has been entered ordering restitution to the victim in a proceeding described in subsection (a); and

(2) the party ordered to pay restitution has not paid the full amount.

As added by P.L.114-2010, SEC.12.

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