Bill

Bill > S974


MA S974

MA S974
Relative to fiduciary access to digital assets


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

For legislation relative to uniform fiduciary access to digital assets. The Judiciary.

AI Summary

This bill establishes the Massachusetts Fiduciary Access to Digital Assets Act, which provides guidelines for fiduciaries (such as personal representatives, conservators, agents, and trustees) to access and manage the digital assets of a deceased, protected, or principal user. The key provisions include defining various terms related to digital assets, outlining the user's ability to direct custodians on disclosure of digital assets, establishing procedures for custodians to disclose digital assets to fiduciaries, and defining the fiduciary's duties and authority with respect to managing digital assets. The bill also includes provisions for custodian compliance and immunity from liability.

Committee Categories

Justice

Sponsors (1)

Last Action

Accompanied a study order, see S2612 (on 02/08/2024)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/S974
BillText https://malegislature.gov/Bills/193/S974.pdf
Loading...