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Ark. Code Ann. § 28-75-115

Fiduciary duty and authority

Known as the Revised Uniform Fiduciary Access to Digital Assets Act

The act spans §§ 28–28 (18 sections).

Acts 2017, No. 886, § 1.

(1) The legal duties imposed on a fiduciary charged with managing tangible property apply to the management of digital assets, including: the duty of care;

(2) the duty of loyalty; and

(3) the duty of confidentiality.

(4) A fiduciary's authority with respect to a digital asset of a user: except as otherwise provided in § 28-75-104, is subject to the applicable terms of service;

(5) is subject to other applicable law, including copyright law;

(6) in the case of a fiduciary, is limited by the scope of the fiduciary's duties; and

(7) may not be used to impersonate the user.

(8) A fiduciary with authority over the property of a decedent, ward, principal, or settlor has the right to access any digital asset in which the decedent, ward, principal, or settlor had a right or interest and that is not held by a custodian or subject to a terms-of-service agreement.

(9) A fiduciary acting within the scope of the fiduciary's duties is an authorized user of the property of the decedent, ward, principal, or settlor for the purpose of applicable computer-fraud and unauthorized-computer-access laws.

(10) A fiduciary with authority over the tangible, personal property of a decedent, ward, principal, or settlor: has the right to access the property and any digital asset stored in it; and

(11) is an authorized user for the purpose of computer-fraud and unauthorized-computer-access laws.

(12) A custodian may disclose information in an account to a fiduciary of the user when the information is required to terminate an account used to access digital assets licensed to the user.

(13) A fiduciary of a user may request a custodian to terminate the user's account. A request for termination must be in writing, in either physical or electronic form, and accompanied by: if the user is deceased, a certified copy of the death certificate of the user;

(14) a certified copy of the Letters Testamentary, Letters of Administration, small-estate affidavit or court order, power of attorney, trust, or court order giving the fiduciary authority over the account; and

(15) if requested by the custodian: a number, username, address, or other unique subscriber or account identifier assigned by the custodian to identify the user's account;

(16) evidence linking the account to the user; or

(17) a finding by the court that the user had a specific account with the custodian, identifiable by the information specified in subparagraph (3)(A).

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.