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AL HB138
Bill
Status
5/11/2017
Primary Sponsor
Juandalynn Givan
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AI Summary
HB138 Summary
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Adopts the Revised Uniform Fiduciary Access to Digital Assets Act as Chapter 1A of Title 19, Alabama Code, effective January 1, 2018.
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Extends fiduciary powers to include management of digital assets such as computer files, web domains, virtual currency, and electronic communications.
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Allows users to direct disclosure or non-disclosure of digital assets through online tools, which override contrary directions in wills, trusts, powers of attorney, or other documents.
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Restricts fiduciary access to electronic communications (email, text messages, social media) unless the user consented in a will, trust, power of attorney, or other document.
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Requires custodians to comply with disclosure requests from fiduciaries or designated recipients within 60 days and provides immunity for good faith compliance; establishes court procedures for enforcement and appeal.
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, Secs. 19-1A-1 to 19-1A-18, inclusive, added
Fiduciaries
Last Action
Delivered to Governor at 10:13 a.m. on May 11, 2017.
5/11/2017