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Ind. Code § 23-19-4.1-6

Suspected financial exploitation of financially vulnerable adult; duty of qualified individual to report and notify commissioner; authorized additional notifications

Known as the Indiana Uniform Securities Act

The act spans §§ 23-19-1-0.2 to 23-19-7-9 (80 sections).

As added by P.L.39-2016, SEC.1

Sec. 6. (a) If a qualified individual has reason to believe that financial exploitation of a financially vulnerable adult has occurred, has been attempted, or is being attempted, the qualified individual shall, as required by IC 12-10-3-9(a):

(1) make a report to the adult protective services unit (as defined in IC 12-10-3-1); and

(2) notify the commissioner.

(b) After a qualified individual makes a report and provides notification under subsection (a), the qualified individual may, to the extent permitted under federal law, notify any of the following concerning the qualified individual's belief:

(1) An immediate family member of the financially vulnerable adult.

(2) A legal guardian of the financially vulnerable adult.

(3) A conservator of the financially vulnerable adult.

(4) A trustee, cotrustee, or successor trustee of the account of the financially vulnerable adult.

(5) An agent under a power of attorney of the financially vulnerable adult.

(6) Any other person permitted under existing laws, rules, regulations, or customer agreement.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.