SB164 Alabama 2016 Session

Summary

Primary Sponsor

Rodger Smitherman Senator

Democrat

Session

Regular Session 2016

Title

Fiduciaries, Revised Uniform Fiduciary Access to Digital Assets Act, adopted, fiduciaries, duties with regard to computer files, web domains, virtual currency and other digital assets

Description

This bill would adopt the Revised Uniform Fiduciary Access to Digital Assets Act.

This bill would extend the traditional power of a fiduciary to manage tangible property to include the management of digital assets.

This bill would specify the powers and duties of a fiduciary in managing digital assets, such as computer files, web domains, and virtual currency.

This bill would provide a procedure for a custodian of digital assets to disclose the digital assets to a fiduciary or a personal representative.

This bill would restrict a fiduciary's access to certain electronic communications such as email, text messages, and social media accounts unless the owner or creator of the electronic communications or social media account has consented in a will, trust, power of attorney, or other record.

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Subjects

Fiduciaries