§732. Definitions

As used in this Part the following terms have the respective meanings, unless the context clearly indicates otherwise:

(1) "Adult protection agency" means:

(a) The office of elderly affairs in the office of the governor, for any individual sixty years of age or older in need of adult protective services.

(b) The Louisiana Department of Health for any individual between the ages of eighteen and fifty-nine in need of adult protective services.

(2) "Dealer" shall have the same meaning as provided in R.S. 51:702.

(3) "Eligible adult" means:

(a) A person sixty years of age or older.

(b) A person subject to the Adult Protective Services Act, R.S. 15:1501 et seq.

(4) "Financial exploitation" means:

(a) The wrongful or unauthorized taking, withholding, appropriation, or use of money, assets, or property of an eligible adult.

(b) Any act or omission taken by a person, including through the use of a power of attorney, act of procuration, contract of mandate, or letters of curatorship, guardianship, or conservatorship of an eligible adult, to do any of the following:

(i) Obtain control, through deception, intimidation, or undue influence over an eligible adult's assets or property to deprive the eligible adult of the ownership, use, benefit, or possession of the eligible adult's money, assets, or property.

(ii) Convert money, assets, or property of the eligible adult to deprive such eligible adult of the ownership, use, benefit, or possession of the eligible adult's money, assets, or property.

(5) "Investment advisor" shall have the same meaning as provided in R.S. 51:702.

(6) "Investment advisor representative" shall have the same meaning as provided in R.S. 51:702.

(7) "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.

(8) "Salesman" shall have the same meaning as set forth in R.S. 51:702.

Acts 2016, No. 580, §1, eff. Jan. 1, 2017.