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HI SB847

HI SB847
Relating To Fiduciary Access To Digital Assets.


summary

Introduced
01/18/2019
In Committee
01/24/2019
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 to provide fiduciaries (such as personal representatives, guardians, agents, and trustees) with access to the digital assets of the individuals they represent. It defines key terms, outlines the authority of different fiduciaries over digital assets, requires custodians to comply with fiduciaries' requests for access, and provides immunity to custodians who act in good faith. The bill applies to fiduciaries acting before, on, or after July 1, 2019, but does not apply to digital assets used by an employee in the ordinary course of the employer's business.

Committee Categories

Business and Industry

Sponsors (9)

Last Action

The committee on TEC deferred the measure. (on 01/31/2019)

bill text


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