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HI SB467
Bill
Status
1/23/2015
Primary Sponsor
Gil Keith-agaran
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AI Summary
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Creates a new chapter in Hawaii Revised Statutes establishing fiduciary access to digital assets of account holders, including deceased individuals, minors, and those under guardianship.
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Grants personal representatives, guardians, agents, and trustees the right to access digital assets and electronic communications of the account holder, subject to federal law limitations under 18 U.S.C. section 2702(b).
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Voids any terms-of-service agreement provisions that restrict fiduciary access to digital assets unless the account holder affirmatively agreed to such restrictions after July 1, 2015 through a separate act distinct from other agreement terms.
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Requires custodians to comply with fiduciary requests for digital asset access within 60 days when accompanied by proper documentation (letters of administration, guardianship orders, power of attorney, trust instruments, or court orders).
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Takes effect July 1, 2015 and applies to agents, personal representatives, guardians, and trustees acting under powers executed or created before, on, or after the effective date; excludes employer digital assets used by employees in ordinary business.
Legislative Description
Fiduciary; Digital Assets
Last Action
The committee on CPN deferred the measure.
2/13/2015