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HI HB92

HI HB92
Relating To Fiduciary Access To Digital Assets.


summary

Introduced
01/18/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
05/02/2019

Introduced Session

2019 Regular Session

Bill Summary

Gives various types of fiduciaries access to the digital assets of the principal.

AI Summary

This bill establishes a new chapter in the Hawaii Revised Statutes called "Fiduciary Access to Digital Assets." The key provisions of the bill include: 1. Defining various terms related to digital assets, fiduciaries, and custodians. 2. Granting personal representatives, guardians, agents, and trustees access to the digital assets of a decedent, ward, principal, or settlor, subject to certain limitations. 3. Requiring custodians to comply with requests from fiduciaries for access to digital assets, provided the fiduciary submits the appropriate documentation. 4. Providing immunity to custodians who act in good faith to comply with the provisions of the bill. 5. Specifying that the bill modifies, limits, or supersedes the federal Electronic Signatures in Global and National Commerce Act, but does not affect certain provisions of that Act. 6. Applying the bill to fiduciaries acting under powers of attorney, personal representatives, guardians, and trustees, regardless of when the relevant document was executed or the trust was created.

Committee Categories

Business and Industry

Sponsors (4)

Last Action

The committee(s) on CPC recommend(s) that the measure be deferred. (on 02/13/2019)

bill text


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