SB164 Alabama 2016 Session

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

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.