Minnesota § 521A.16 CUSTODIAN COMPLIANCE AND IMMUNITY

Minnesota Statutes

§ 521A.16 — CUSTODIAN COMPLIANCE AND IMMUNITY

Minnesota § 521A.16

PartFIDUCIARIES; POWERS OF ATTORNEY

Ch. 521AUNIFORM FIDUCIARY ACCESS TO DIGITAL ASSETS ACT

This text of Minnesota § 521A.16 (CUSTODIAN COMPLIANCE AND IMMUNITY) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 521A.16 (2026).

Text

(a)Not later than 60 days after receipt of the information required under sections521A.07to521A.15, 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 the court for an order directing compliance.

(b)An order under paragraph (a) directing compliance must contain a finding that compliance is not in violation of United States Code, title 18, section 2702, as amended.

(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 as

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(a) Not later than 60 days after receipt of the information required under sections521A.07to521A.15, 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 the court for an order directing compliance.
(b) An order under paragraph (a) directing compliance must contain a finding that compliance is not in violation of United States Code, title 18, section 2702, as amended.
(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 does 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 which:
(1) specifies that an account belongs to the protected person or principal;
(2) specifies that there is sufficient consent from the protected person or 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 are immune from liability for an act or omission done in good faith in compliance with this chapter.