Loading chat...
MN SF476
Bill
Status
2/2/2015
Primary Sponsor
David Osmek
Click for details
AI Summary
-
Enacts the Revised Uniform Fiduciary Access to Digital Assets Act as Minnesota Statutes chapter 521A, establishing procedures for fiduciaries to access and manage digital assets of decedents, protected persons, and principals.
-
Allows users to direct disclosure of digital assets (including email content) to designated recipients through online tools, which override contrary directions in wills, trusts, or powers of attorney if modifiable at any time.
-
Requires custodians to disclose digital assets to personal representatives, agents, trustees, and conservators within 60 days of receiving proper documentation, including death certificates, letters of appointment, and user directions.
-
Protects custodians from liability for good faith compliance with the chapter and allows them to assess reasonable administrative charges for disclosure; custodians may deny requests if aware of lawful account access after receiving the request.
-
Applies to fiduciaries acting under wills, powers of attorney, conservatorships, and trusts when the user resides or resided in Minnesota, but excludes employer digital assets used in ordinary business operations.
Legislative Description
Uniform Fiduciary Access to Digital Assets Act
Last Action
Second reading
4/6/2016