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FL H0313

Bill

Status

Failed

4/28/2015

Primary Sponsor

Civil Justice Subcommittee

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

CS/HB 313 - Florida Fiduciary Access to Digital Assets Act

  • Creates Chapter 740, Florida Statutes, establishing the "Florida Fiduciary Access to Digital Assets Act" to govern fiduciary access to digital assets of decedents, minors, and incapacitated persons

  • Authorizes personal representatives, guardians, agents, and trustees to access specified digital assets including electronic communications, catalogues of communications, and other digital property under certain circumstances

  • Declares terms-of-service agreement provisions that restrict fiduciary access to digital assets void as against Florida's strong public policy unless the account holder separately agreed to such restrictions by affirmative act

  • Requires custodians to comply with fiduciary requests within 60 days and provides liability protection for custodians acting in good faith; custodians demanding full trust instruments beyond certification may face damages

  • Takes effect July 1, 2015; does not apply to digital assets of employers used by employees in ordinary business course and includes exception for anonymous accounts requiring clear and convincing evidence of ownership

Legislative Description

Digital Assets

Last Action

Died in Insurance and Banking Subcommittee

4/28/2015

Committee Referrals

Insurance And Banking Subcommittee3/19/2015
Civil Justice Subcommittee1/28/2015

Full Bill Text

No bill text available