Section 59.480 - Definitions for ORS 59.480 to 59.505.

OR Rev Stat § 59.480 (2019) (N/A)
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(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]