Texas Estates Code 2001.231 – Custodian Compliance and Immunity
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(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. § 2702.
Terms Used In Texas Estates Code 2001.231
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Court: means and includes:
(1) a county court in the exercise of its probate jurisdiction;
(2) a court created by statute and authorized to exercise original probate jurisdiction; and
(3) a district court exercising original probate jurisdiction in a contested matter. See Texas Estates Code 22.007 - Fiduciary: A trustee, executor, or administrator.
- Ward: means a person for whom a guardian has been appointed. See Texas Estates Code 22.033
(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;
(2) specifies that there is sufficient consent from the ward or principal to support the requested disclosure; and
(3) contains a finding required by a law other than this chapter.