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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
07/10/2020

Introduced Session

2020 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 titled "Fiduciary Access to Digital Assets." It defines key terms like "digital asset," "fiduciary," and "custodian," and outlines the rights and authority of personal representatives, guardians, agents, and trustees to access and control the digital assets of deceased individuals, wards, principals, and settlors. The bill also requires custodians to comply with fiduciaries' requests for access to digital assets and provides immunity to custodians who act in good faith. The bill applies to agents, personal representatives, guardians, and trustees regardless of when the power of attorney, letters of administration, guardianship, or trust was created, and takes effect on July 1, 2019.

Committee Categories

Business and Industry

Sponsors (4)

Last Action

Carried over to 2020 Regular Session. (on 12/01/2019)

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