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MN SF476

Bill

Status

Introduced

2/2/2015

Primary Sponsor

David Osmek

Click for details

Origin

Senate

89th Legislature 2015-2016

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

Committee Referrals

Judiciary2/2/2015

Full Bill Text

No bill text available