Montana § 72-31-414 Fiduciary Duty And Authority

Montana Statutes

§ 72-31-414 — Fiduciary Duty And Authority

Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 31 MISCELLANEOUS PROVISIONS RELATING TO FIDUCIARIES·Part 4 Revised Uniform Fiduciary Access to Digital Assets Act

72-31-414 . Fiduciary duty and authority.

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

(a)the duty of care;

(b)the duty of loyalty; and

(c)the duty of confidentiality.

(2)A fiduciary's or designated recipient's authority with respect to a digital asset of a user:

(a)except as otherwise provided in 72-31-405 , is subject to the applicable terms of service;

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

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

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

(3)A fiduciary with authority over the property of a decedent, protected person, principal, or settlor has the right to access any digital asset i

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72-31-414 . Fiduciary duty and authority. (1) The legal duties imposed on a fiduciary charged with managing tangible property apply to the management of digital assets, including:
(a) the duty of care;
(b) the duty of loyalty; and
(c) the duty of confidentiality.
(2) A fiduciary's or designated recipient's authority with respect to a digital asset of a user:
(a) except as otherwise provided in 72-31-405 , is subject to the applicable terms of service;
(b) is subject to other applicable law, including copyright law;
(c) in the case of a fiduciary, is limited by the scope of the fiduciary's duties; and
(d) may not be used to impersonate the user.
(3) A fiduciary with authority over the property of a decedent, protected person, principal, or settlor has the right to access any digital asset in which the decedent, protected person, principal, or settlor had a right or interest and that is not held by a custodian or subject to a terms-of-service agreement.
(4) A fiduciary acting within the scope of the fiduciary's duties is an authorized user of the property of the decedent, protected person, principal, or settlor for the purpose of applicable computer-fraud and unauthorized-computer-access laws, including 45-6-311 .
(5) A fiduciary with authority over the tangible, personal property of a decedent, protected person, principal, or settlor:
(a) has the right to access the property and any digital asset stored in it; and
(b) is an authorized user for the purpose of computer-fraud and unauthorized-computer-access laws, including 45-6-311 .
(6) 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.
(7) 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:
(a) if the user is deceased, a certified copy of the death certificate of the user;
(b) a certified copy of the letter of appointment of the representative or a collection of personal property affidavit or court order, court order, power of attorney, or trust giving the fiduciary authority over the account; and
(c) if requested by the custodian:
(i) a number, user name, address, or other unique subscriber or account identifier assigned by the custodian to identify the user's account;
(ii) evidence linking the account to the user; or
(iii) a finding by the court that the user had a specific account with the custodian, identifiable by the information specified in subsection (7)(c)(i).