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CA AB634
Bill
Status
11/30/2016
Primary Sponsor
Ian Calderon
Click for details
AI Summary
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Amends Section 881 of the Probate Code to clarify that immunity protections for custodians of digital assets do not apply in cases of gross negligence or willful or wanton misconduct.
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Allows custodians to deny requests for digital asset disclosure or account termination if there is lawful access to the account after the user's death.
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Permits custodians to require court orders confirming account ownership, sufficient consent from the decedent or settlor, and compliance with federal law before disclosing digital assets.
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Becomes operative only if Assembly Bill 691 is enacted prior to this bill's enactment.
Legislative Description
Revised Uniform Fiduciary Access to Digital Assets Act.
Last Action
From Senate committee without further action.
11/30/2016