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MN HF200
Bill
Status
1/15/2015
Primary Sponsor
Debra Hilstrom
Click for details
AI Summary
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Enacts the Revised Uniform Fiduciary Access to Digital Assets Act as Minnesota Statutes chapter 521A, establishing procedures for fiduciaries and designated recipients to access digital assets of users, decedents, principals, and protected persons.
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Allows users to direct custodians via online tools to disclose or prohibit disclosure of digital assets and electronic communications to designated recipients, with such directions overriding conflicting provisions in wills, trusts, and powers of attorney.
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Requires custodians to disclose digital assets to personal representatives of deceased users, agents under power of attorney, trustees, and conservators upon receipt of appropriate documentation and within 60 days of the request.
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Limits fiduciary and designated recipient access to digital assets to only those rights held by the original user and prohibits impersonation of users; fiduciaries remain subject to applicable terms-of-service agreements and other applicable law.
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Provides custodians immunity from liability for good faith compliance with the act and allows them to deny requests if lawful account access occurs after receiving a disclosure request or to require court orders for specific account identification.
Legislative Description
Revised Uniform Fiduciary Access to Digital Assets Act enacted.
Last Action
Author added Hertaus.
4/11/2016