Texas Estates Code
§ 2001.231 — CUSTODIAN COMPLIANCE AND IMMUNITY
ES § 2001.231Title 4. DIGITAL ASSETS · Ch. 2001. TEXAS REVISED UNIFORM FIDUCIARY ACCESS TO DIGITAL ASSETS ACT · Art. H. CUSTODIAN COMPLIANCE AND IMMUNITY REGARDING DIGITAL ASSETS
Statute text
View on source(a)Not later than 60 days after receipt of the information required under Subchapter C, D, E, F, or G, 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 Subsection (a) directing compliance must contain a finding that compliance is not in violation of 18 U.S.C. Section 2702.
(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 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 that:
(1)specifies that an account belongs to the ward or principal;
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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.