summary
Introduced
01/18/2019
01/18/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
05/02/2019
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=92&year=2019 |
| BillText | https://www.capitol.hawaii.gov/session2019/bills/HB92_.HTM |
| Bill | https://www.capitol.hawaii.gov/session2019/bills/HB92_.pdf |
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