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CA SB873
Bill
AI Summary
- Amends Section 881 of the Probate Code to limit immunity protections for custodians of digital assets and their officers, employees, and agents
- Eliminates immunity in cases of gross negligence or willful or wanton misconduct by the custodian or its representatives
- Operates as a companion to Assembly Bill 691, which authorizes personal representatives and trustees to access and manage digital assets of decedents
- Becomes operative only if Assembly Bill 691 is also enacted prior to or simultaneously with this bill
- Approved by Governor on September 24, 2016 and filed as Chapter 585
Legislative Description
Revised Uniform Fiduciary Access to Digital Assets Act.
Last Action
Chaptered by Secretary of State. Chapter 585, Statutes of 2016.
9/24/2016
Committee Referrals
Judiciary8/19/2016
Appropriations6/23/2016
Revenue and Taxation6/15/2016
Housing and Community Development6/6/2016
Appropriations4/4/2016
Governance and Finance1/28/2016
Rules1/14/2016
Full Bill Text
No bill text available