Loading chat...

OH HB602

Bill

Status

Introduced

10/5/2016

Primary Sponsor

Robert Cupp

Click for details

Origin

House of Representatives

131st General Assembly (2015-2016)

AI Summary

  • Adopts the Revised Uniform Fiduciary Access to Digital Assets Act, establishing rules for fiduciaries (agents, personal representatives, trustees, guardians) to access and manage digital assets of principals, decedents, and wards

  • Grants agents authority to access digital assets when a power of attorney includes general authority, including electronic communications, accounts, and tangible property containing digital assets

  • Allows users to direct custodians regarding disclosure of digital assets through online tools or written instruments (wills, trusts, powers of attorney); online tool directions override conflicting written directions

  • Establishes procedures for personal representatives, agents, trustees, and guardians to request disclosure of digital assets from custodians, with custodians required to comply within 60 days or fiduciaries may seek court orders

  • Protects fiduciaries acting within scope of duties as authorized users under computer fraud laws and subjects them to duties of care, loyalty, and confidentiality; custodians are immune from liability for good faith compliance

Legislative Description

Enact Fiduciary Access to Digital Assets Act

Commerce

Last Action

Refer to Committee: Judiciary

11/10/2016

Committee Referrals

Judiciary11/10/2016

Full Bill Text

No bill text available