Oregon Statutes 59.480 – Definitions for ORS 59.480 to 59.505
As used in ORS § 59.480 to 59.505:
Terms Used In Oregon Statutes 59.480
- Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(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]