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HI HB2115
Bill
Status
3/8/2016
Primary Sponsor
Joseph Souki
Click for details
AI Summary
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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.
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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.
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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.
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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.
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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