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AL SB110
Bill
AI Summary
SB110 Summary
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Adopts the Revised Uniform Fiduciary Access to Digital Assets Act as Chapter 1A of Title 19 of Alabama Code, effective January 1, 2018.
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Extends fiduciary powers to manage digital assets including computer files, web domains, virtual currency, and electronic communications for personal representatives, conservators, agents, and trustees.
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Allows users to direct disclosure or nondisclosure of digital assets through online tools or written directives in wills, trusts, powers of attorney, or other records, with online tool directions overriding conflicting written directives.
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Restricts fiduciary access to electronic communications content (email, text messages, social media) unless the user consented in a will, trust, power of attorney, or other record.
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Requires custodians to comply with disclosure requests from fiduciaries within 60 days and provides immunity for good faith compliance; establishes procedures for accessing accounts of deceased users, protected persons, and principals.
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
Read for the first time and referred to the House of Representatives committee on Judiciary
3/14/2017