Louisiana Revised Statutes 51:734 – A. If a qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, a qualified indiv
Terms Used In Louisiana Revised Statutes 51:734
- Eligible adult: means :
(a) A person sixty years of age or older. See Louisiana Revised Statutes 51:732
- Financial exploitation: means :
(a) The wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or property of an eligible adult. See Louisiana Revised Statutes 51:732
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Qualified individual: means any salesman, investment advisor representative, or person who serves in a supervisory, compliance, or other legal capacity for a dealer or investment advisor. See Louisiana Revised Statutes 51:732
A. If a qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, a qualified individual may notify any third party previously designated in writing by the eligible adult or any other person permitted under existing law, rules, regulations, or customer agreement.
B. Disclosure shall not be made to any designated third party who is suspected of financial exploitation or other abuse of the eligible adult.
C. A qualified individual who, in good faith and exercising reasonable care, complies with this Section shall be immune from any administrative or civil liability that might arise from such disclosure.
Acts 2016, No. 580, §1, eff. Jan. 1, 2017.