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MI HB5368

Bill

Status

Introduced

2/26/2014

Primary Sponsor

Kevin Cotter

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

  • 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."

  • 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.

  • Adds definitions for "electronic," "electronic information," and "electronic record" to establish terminology for technology-related provisions.

  • Clarifies that "property" includes digital property for purposes of the probate code.

  • 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

Committee Referrals

Judiciary2/26/2014

Full Bill Text

No bill text available