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HI HB2115

Bill

Status

Engrossed

3/8/2016

Primary Sponsor

Joseph Souki

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Establishes the Uniform Fiduciary Access to Digital Assets Act in Hawaii law, allowing fiduciaries and designated recipients to access and manage digital assets of users after death or incapacity.

  • Permits users to direct disclosure of digital assets through online tools or in wills, trusts, and powers of attorney; online tool directions override contrary provisions in other documents.

  • Requires custodians to disclose digital assets to personal representatives of deceased users, agents under powers of attorney, trustees, and conservators within 60 days of receiving proper documentation.

  • Permits custodians to provide full account access, partial access, or copies of digital assets at their discretion, and allows them to charge reasonable administrative fees for disclosure.

  • Takes effect July 1, 2030; applies to fiduciaries acting under documents executed before, on, or after the effective date, and to custodians serving users who reside or resided in Hawaii.

Legislative Description

Uniform Acts; Uniform Fiduciary Access to Digital Assets Act

Last Action

Referred to CPH/JDL, WAM.

3/10/2016

Committee Referrals

Commerce, Consumer Protection, and Health3/10/2016
Finance2/19/2016
Judiciary2/11/2016
Consumer Protection & Commerce1/27/2016

Full Bill Text

No bill text available