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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 14 : Decedents Estates and Fiduciary Relations

Chapter 125 : VERMONT REVISED UNIFORM FIDUCIARY ACCESS TO DIGITAL ASSETS ACT

(Cite as: 14 V.S.A. § 3566)
  • § 3566. Custodian compliance and immunity

    (a) Not later than 60 days after receipt of the information required by sections 3557-3565 of this title, 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 with the request, the fiduciary or designated recipient may apply to the court for an order directing compliance.

    (b) An order under subsection (a) of this section directing compliance shall contain a finding that compliance is not in violation of 18 U.S.C. § 2702.

    (c) A custodian may notify the user that a request for disclosure or to terminate an account was made under this chapter.

    (d) A custodian may deny a request under this chapter from a fiduciary or designated recipient for disclosure of digital assets or to terminate an account if the custodian is aware of any lawful access to the account following the receipt of the fiduciary's request.

    (e) This chapter shall not limit a custodian's ability to obtain, or require a fiduciary or designated recipient requesting disclosure or termination under this chapter to obtain, a court order that:

    (1) specifies that an account belongs to the person under guardianship or the principal;

    (2) specifies that there is sufficient consent from the person under guardianship or the principal to support the requested disclosure; and

    (3) contains a finding required by law other than this chapter.

    (f) A custodian and its officers, employees, and agents shall be immune from liability for any act or omission done in good faith compliance with this chapter. (Added 2017, No. 13, § 1.)