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MI HB5370

Bill

Status

Introduced

2/26/2014

Primary Sponsor

Nancy Jenkins-Arno

Click for details

Origin

House of Representatives

97th Legislature

AI Summary

  • Amends the Estates and Protected Individuals Code to add trustee power to exercise control over digital property according to trust terms, subject to applicable terms-of-service agreements.

  • Requires digital custodians to provide trustees with access to digital property, ownership transfers, or copies of digital assets upon receipt of a written request accompanied by a certificate of trust.

  • Digital custodians must comply with trustee requests within 56 days; if they fail to comply, trustees may petition the court for an order directing compliance.

  • Protects digital custodians from liability for actions taken in compliance with the new requirements.

  • Bill effectiveness is contingent on the enactment of House Bills 5366, 5367, 5368, and 5369 of the 97th Legislature.

Legislative Description

Probate; trusts; fiduciary access to digital assets act; enact. Amends sec. 7817 of 1998 PA 386 (MCL 700.7817) & adds sec. 7912a. TIE BAR WITH: HB 5366'14, HB 5367'14, HB 5368'14, HB 5369'14

Probate, trusts

Last Action

Referred To Second Reading

10/2/2014

Committee Referrals

Judiciary2/26/2014

Full Bill Text

No bill text available