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AL HB269
Bill
Status
2/18/2016
Primary Sponsor
Juandalynn Givan
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AI Summary
HB269 Summary
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Adopts the Revised Uniform Fiduciary Access to Digital Assets Act as Chapter 1A of Title 19, Alabama Code, establishing a framework for fiduciary management of digital assets including computer files, web domains, and virtual currency.
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Allows users to direct disclosure or non-disclosure of digital assets (including electronic communications) through online tools or in wills, trusts, powers of attorney, and other records; user directions override conflicting terms-of-service agreements.
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Requires custodians to disclose digital assets to authorized fiduciaries (personal representatives, agents, trustees, conservators) within 60 days of receiving proper documentation, though custodians may assess reasonable administrative fees.
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Restricts fiduciary access to electronic communications content (email, text messages, social media) unless the user explicitly consented in writing, while broader digital assets may be disclosed upon proper request.
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Applies the legal duties of care, loyalty, and confidentiality to fiduciary management of digital assets and becomes effective October 1, 2016.
Legislative Description
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
Fiduciaries
Last Action
Read for the first time and referred to the House of Representatives committee on Judiciary
2/18/2016