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CA SB1458

Bill

Status

Passed

9/27/2024

Primary Sponsor

Benjamin Allen

Click for details

Origin

Senate

2023-2024 Session

AI Summary

  • Expands the definition of "fiduciary" to include conservators and agents (attorneys-in-fact), in addition to personal representatives and trustees, effective January 1, 2025

  • Allows agents with power of attorney authority to access digital assets and electronic communications of the principal, including content of emails if expressly authorized in the power of attorney

  • Allows conservators appointed by courts to access catalogues of electronic communications and digital assets (but not content of communications) of conservatees upon providing court-ordered authority documentation

  • Requires custodians to comply with fiduciary requests for disclosure or account termination within 60 days, and permits custodians to require court orders finding the account belongs to the applicable user and there is sufficient consent for disclosure

  • Extends fiduciary duties of care, loyalty, and confidentiality to digital asset management and makes fiduciaries authorized users under computer fraud laws when acting within their authority

Legislative Description

The Revised Uniform Fiduciary Access to Digital Assets Act.

Last Action

Chaptered by Secretary of State. Chapter 799, Statutes of 2024.

9/27/2024

Committee Referrals

Judiciary4/29/2024
Judiciary2/29/2024
Rules2/16/2024

Full Bill Text

No bill text available