Texas Estates Code

§ 2001.201 — FIDUCIARY DUTY AND AUTHORITY

ES § 2001.201Title 4. DIGITAL ASSETS · Ch. 2001. TEXAS REVISED UNIFORM FIDUCIARY ACCESS TO DIGITAL ASSETS ACT · Art. G. DUTY AND AUTHORITY OF FIDUCIARY AND OTHERS REGARDING DIGITAL ASSETS

Statute text

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

(1)the duty of care;

(2)the duty of loyalty; and

(3)the duty of confidentiality.

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

(1)except as otherwise provided by Section 2001.051, is subject to the applicable terms of service;

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Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 400 (S.B. 1193), Sec. 1, eff. September 1, 2017.