Utah Statutes
§ 75A-6-115 — 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:
(1)(a) the duty of care;
(1)(b) the duty of loyalty; and
(1)(c) the duty of confidentiality.
(2)A fiduciary's or designated recipient's authority with respect to a digital asset of a user:
(2)(a) except as otherwise provided in Section 75A-6-104, is subject to the applicable terms of service;
(2)(b) is subject to other applicable law, including copyright law;
(2)(c) in the case of a fiduciary, is limited by the scope of the fiduciary's duties; and
(2)(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 de
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Legislative History
Renumbered and Amended by Chapter 364, 2024 General Session
Nearby Sections
15
§ 75A-1-101
Definitions for title.§ 75A-1-102
Transition clause.§ 75A-1-201
Definitions for part.§ 75A-1-202
Transactions prior to May 12, 1925.§ 75A-1-203
Payments or transfers made to a fiduciary.§ 75A-1-206
Checks drawn by or payable to a fiduciary.§ 75A-1-207
Bank deposits in the name of a fiduciary.§ 75A-1-208
Checks drawn in name of a principal.§ 75A-1-209
Deposits in a fiduciary's personal account.§ 75A-1-210
Deposits in name of several trustees.§ 75A-2-101
Reserved.§ 75A-2-102
Definitions for chapter.§ 75A-2-103
Applicability.