US Lawyer Database

Sec. 13.63.110. Disclosure of digital assets to conservator of protected person.

(a) After an opportunity for a hearing under AS 13.26.401 – 13.26.595, the superior court may grant a conservator access to the digital assets of a protected person except that, if the conservator is a guardian with the powers and duties of a conservator under AS 13.26.316(c), the superior court may grant the conservator access […]

Sec. 13.63.120. Fiduciary duty and authority.

(a) The legal duties imposed on a fiduciary charged with managing tangible property apply to the management of digital assets, including (1) the duty of care; (2) the duty of loyalty; and (3) the duty of confidentiality. (b) A fiduciary’s or designated recipient’s authority with respect to a digital asset of a user (1) except […]

Sec. 13.63.130. Custodian compliance and immunity.

(a) Not later than 60 days after receipt of the information required under AS 13.63.040 – 13.63.120, a custodian shall comply with a request under this chapter from a fiduciary or designated recipient to disclose digital assets or terminate an account. If the custodian fails to comply, the fiduciary or designated recipient may apply to […]

Sec. 13.63.160. Digital assets coverage.

In this chapter, a digital asset does not apply to an underlying asset or liability unless the asset or liability is itself an electronic record. This chapter does not apply to a digital asset of an employer used by an employee in the ordinary course of the employer’s business.

Sec. 13.63.190. Definitions.

In this chapter, (1) “account” means an arrangement under a terms-of-service agreement in which a custodian carries, maintains, processes, receives, or stores a digital asset of the user or provides goods or services to the user; (2) “agent” means an attorney-in-fact granted authority under a durable or nondurable power of attorney; (3) “carries” means engages […]