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NC S805

Bill

Status

Passed

6/30/2016

Primary Sponsor

Fletcher Hartsell

Click for details

Origin

Senate

2015-2016 Session

AI Summary

S805 - Revised Uniform Fiduciary Access to Digital Assets Act

  • Enacts Chapter 36F of the General Statutes establishing the Revised Uniform Fiduciary Access to Digital Assets Act, creating a comprehensive framework for fiduciaries and designated recipients to access digital assets of decedents, principals, wards, and beneficiaries.

  • Allows users to direct disclosure or non-disclosure of digital assets using online tools, which override contrary directions in wills, trusts, or power of attorney documents if the tool permits modification at all times.

  • Establishes procedures for custodians to disclose digital assets to personal representatives (with death certificate and letters of administration), agents under power of attorney, trustees, and guardians upon presentation of required documentation.

  • Limits custodian liability by permitting disclosure within 60 days and allowing custodians to assess reasonable administrative charges; custodians may choose full access, partial access, or copies of digital assets.

  • Makes conforming amendments to existing statutes allowing personal representatives, agents, trustees, and guardians to obtain digital assets through express grant of authority under Chapter 36F.

Legislative Description

Fiduciary Access to Digital Assets

Last Action

Ch. SL 2016-53

6/30/2016

Committee Referrals

Judiciary IV6/2/2016
Judiciary I5/17/2016
Rules and Operations of the Senate5/4/2016

Full Bill Text

No bill text available