Oregon Revised Statutes Chapter 59 § 59.480 — Definitions for ORS 59.480 to 59.505

Definitions for ORS 59.480 to 59.505. As used in ORS 59.480 to 59.505: (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]