§ 881. — 881. (Amended by Stats. 2024, Ch. 799, Sec. 7.)

(a)
Not later than 60 days after receipt of the information required under Sections 876 to 879.3, inclusive, a custodian shall comply with a request under this part from a fiduciary or designated recipient to disclose digital assets or terminate an account. If the custodian fails to comply with a request, the fiduciary or designated recipient may apply to the court for an order directing compliance.
(b)
An order under subdivision (a) directing compliance shall contain a finding that compliance is not in violation of Section 2702 of Title 18 of the United States Code.
(c)
A custodian may notify a user that a request for disclosure of
digital assets or to terminate an account was made pursuant to this part.
(d)
A custodian may deny a request under this part 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 date of death of the user.
(e)
This part does not limit a custodian’s ability to obtain, or to require a fiduciary or designated recipient requesting disclosure or account termination under this part to obtain, a court order that makes all of the following findings:
(1)
The account belongs to the decedent, principal, conservatee, or trustee.
(2)
There is
sufficient consent from the decedent, principal,
conservatee, or settlor to support the requested disclosure.
(3)
A specific factual finding required by any other applicable law in effect at that time, including, but not limited to, a finding that disclosure is not in violation of Section 2702 of Title 18 of the United States Code.
(f)
(1)
A custodian and its officers, employees, and agents are immune from liability for an act or omission done in good faith and in compliance with this part.
(2)
The protections specified in paragraph (1) do not apply in a case of gross negligence or willful or wanton misconduct of the custodian or its officers, employees, or agents.

Legislative History

Amended by Stats. 2024, Ch. 799, Sec. 7. (SB 1458) Effective January 1, 2025.