Rutgers Law

New Jersey Statutes, Title: 3B, ADMINISTRATION OF ESTATES--DECEDENTS AND OTHERS

    Chapter 14: Survivorship and succession among cofiduciaries; duties and powers

      Section: 3B:14-61.16: Custodian compliance and immunity.

          16. Custodian Compliance and Immunity.

a. Not later than 60 days after receipt of the information required under sections 7 through 15 of this act, a custodian shall comply with a request under this act 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. of this section directing compliance must contain a finding that compliance is not in violation of 18 U.S.C. s.2702.

c. A custodian may notify the user that a request for disclosure or to terminate an account was made under this act.

d. A custodian may deny a request under this act 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 act does not limit a custodian's ability to obtain or require a fiduciary or designated recipient requesting disclosure or termination under this act to obtain a court order which:

(1) specifies that an account belongs to the incapacitated person or principal;

(2) specifies that there is sufficient consent from the incapacitated person or principal to support the requested disclosure; and

(3) contains a finding required by law other than this act.

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 act.

L.2017, c.237, s.16.

This section added to the Rutgers Database: 2017-09-26 13:39:03.

Older versions of 3b:14-61.16 (if available):

Court decisions that cite this statute: CLICK HERE.