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MI HB5368
Bill
Status
2/26/2014
Primary Sponsor
Kevin Cotter
Click for details
AI Summary
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Amends the Estates and Protected Individuals Code (1998 PA 386) to add definitions related to digital assets and electronic information, including "digital account," "digital asset," "digital custodian," "digital device," "digital property," and "digital service."
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Defines "digital account holder" as a decedent, protected individual, principal of a durable power of attorney, or settlor who has a terms-of-service agreement with a digital custodian.
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Adds definitions for "electronic," "electronic information," and "electronic record" to establish terminology for technology-related provisions.
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Clarifies that "property" includes digital property for purposes of the probate code.
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Includes a tie-bar provision making this act effective only if companion bills HB 5366, HB 5367, HB 5369, and HB 5370 are also enacted into law.
Legislative Description
Probate; other; definitions relating to the fiduciary access to digital assets act; enact. Amends secs. 1103, 1104, 1106 & 1107 of 1998 PA 386 (MCL 700.1103 et seq.). TIE BAR WITH: HB 5366'14, HB 5367'14, HB 5369'14, HB 5370'14
Probate, other
Last Action
Referred To Second Reading
10/2/2014