Loading chat...

AR HB1362

Bill

Status

Failed

4/22/2015

Primary Sponsor

Matthew Shepherd

Click for details

Origin

House of Representatives

90th General Assembly (2015 Regular)

AI Summary

  • Creates the Uniform Fiduciary Access to Digital Assets Act in Arkansas Code Title 28, Chapter 69, Subchapter 9, establishing rules for fiduciaries to access digital assets of decedents, wards, principals, and beneficiaries.

  • Grants personal representatives access to electronic communications and digital assets of deceased persons; allows guardians of estates, agents, and trustees similar access rights subject to court orders and terms-of-service agreements.

  • Requires fiduciaries to provide documentation (certified letters testamentary, court orders, powers of attorney, or trust certificates) when requesting custodian access to digital assets, with custodians required to comply within 30 days.

  • Voids any terms-of-service agreement provisions that limit fiduciary access to digital assets unless the account holder affirmatively agreed to such limitations after the act's effective date; makes choice-of-law provisions unenforceable when used to circumvent fiduciary access.

  • Provides immunity to custodians and their officers, employees, and agents for good faith compliance with the act, and clarifies the act modifies but does not supersede the federal Electronic Signatures in Global and National Commerce Act.

Legislative Description

To Create The Uniform Fiduciary Access To Digital Assets Act.

Last Action

Died in Senate at Sine Die adjournment.

4/22/2015

Committee Referrals

Judiciary2/24/2015
Judiciary2/11/2015

Full Bill Text

No bill text available