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ND HB1214

Bill

Status

Passed

3/31/2017

Primary Sponsor

Lawrence Klemin

Click for details

Origin

House of Representatives

65th Legislative Assembly

AI Summary

HB 1214 Summary

  • Creates Chapter 47-36 of North Dakota Century Code establishing the Uniform Fiduciary Access to Digital Assets Act, providing a comprehensive framework for accessing and managing digital assets of users, principals, and deceased persons.

  • Allows users to direct custodians to disclose digital assets (including electronic communication content) to designated recipients through online tools, which override contrary provisions in wills, trusts, and powers of attorney.

  • Establishes procedures for fiduciaries (personal representatives, agents, trustees, conservators, guardians) to request disclosure of digital assets and electronic communications from custodians, with custodians having 60 days to comply.

  • Grants custodians discretion to provide full access, partial access, or copies of digital assets, and permits them to assess reasonable administrative charges for disclosure; allows custodians to deny requests if aware of lawful account access following the fiduciary's request.

  • Applies fiduciary duties of care, loyalty, and confidentiality to digital asset management; protects custodians and their officers from liability for good faith compliance with the chapter; does not apply to employer digital assets used in ordinary business.

Legislative Description

A Uniform Fiduciary Access to Digital Assets Act.

Last Action

Signed by Governor 03/30

3/31/2017

Committee Referrals

Judiciary1/9/2017

Full Bill Text

No bill text available