US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Code of Alabama » Title 19 - Fiduciaries and Trusts. » Chapter 1A - Revised Uniform Fiduciary Access to Digital Assets Act

Section 19-1A-15 – (Effective January 1, 2018) Fiduciary Duty and Authority.

Section 19-1A-15 (Effective January 1, 2018) 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 a designated recipient’s authority […]

Section 19-1A-16 – (Effective January 1, 2018) Custodian Compliance and Immunity.

Section 19-1A-16 (Effective January 1, 2018) Custodian compliance and immunity. (a) Not later than 60 days after receipt of the information required under Sections 19-1A-7 to 19-1A-15, inclusive, 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 […]

Section 19-1A-2 – (Effective January 1, 2018) Definitions.

Section 19-1A-2 (Effective January 1, 2018) Definitions. In this chapter, the following terms have the following meanings: (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 a person […]

Section 19-1A-3 – (Effective January 1, 2018) Applicability.

Section 19-1A-3 (Effective January 1, 2018) Applicability. (a) This chapter applies to: (1) a fiduciary acting under a will or power of attorney executed before, on, or after October 1, 2016; (2) a personal representative acting for a decedent who died before, on, or after October 1, 2016; (3) a conservatorship proceeding commenced before, on, […]

Section 19-1A-5 – (Effective January 1, 2018) Terms-of-Service Agreement.

Section 19-1A-5 (Effective January 1, 2018) Terms-of-service agreement. (a) This chapter does not change or impair a right of a custodian or a user under a terms-of-service agreement to access and use digital assets of the user. (b) This chapter does not give a fiduciary or designated recipient any new or expanded rights other than […]

Section 19-1A-6 – (Effective January 1, 2018) Procedure for Disclosing Digital Assets.

Section 19-1A-6 (Effective January 1, 2018) Procedure for disclosing digital assets. (a) When disclosing digital assets of a user under this chapter, the custodian may at its sole discretion: (1) grant a fiduciary or designated recipient full access to the user’s account; (2) grant a fiduciary or designated recipient partial access to the user’s account […]