SB164 Alabama 2016 Session

Sponsors

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

<p class="bill_description"> This bill would adopt the Revised Uniform Fiduciary Access to Digital Assets Act</p><p class="bill_description"> This bill would extend the traditional power of a fiduciary to manage tangible property to include the management of digital assets</p><p class="bill_description"> This bill would specify the powers and duties of a fiduciary in managing digital assets, such as computer files, web domains, and virtual currency</p><p class="bill_description"> This bill would provide a procedure for a custodian of digital assets to disclose the digital assets to a fiduciary or a personal representative</p><p class="bill_description"> 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</p><p class="bill_entitled_an_act"> Relating to fiduciary powers and duties; to adopt the Revised Uniform Fiduciary Access to Digital Assets Act as Chapter 1A of Title 19, Code of Alabama 1975; to expand the powers and duties of a fiduciary to include management of digital assets; to specify what is considered digital assets for purposes of this act; to specify the circumstances in which the custodian of digital assets may disclose them to various persons; and to restrict a fiduciary's access to certain electronic communications 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. </p>

Subjects

Fiduciaries