Iowa Code 638.11 – Disclosure of digital assets held in trust when trustee is original user
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 638.11
- Account: means an arrangement under a terms-of-service agreement in which a custodian carries, maintains, processes, receives, or stores a digital asset of the user or provides goods or services to the user. See Iowa Code 638.2
- Catalogue of electronic communications: means information that identifies each person with which a user has had an electronic communication, the time and date of the communication, and the electronic address of the person. See Iowa Code 638.2
- Court: means a district court in this state. See Iowa Code 638.2
- Custodian: means a person that carries, maintains, processes, receives, or stores a digital asset of a user. See Iowa Code 638.2
- Digital asset: means an electronic record in which an individual has a right or interest. See Iowa Code 638.2
- Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. See Iowa Code 638.2
- Trustee: A person or institution holding and administering property in trust.
- Trustee: means the same as defined in section 633. See Iowa Code 638.2
- User: means a person that has an account with a custodian. See Iowa Code 638.2
Unless otherwise ordered by the court or provided in a trust, a custodian shall disclose to a trustee that is an original user of an account any digital asset of the account held in trust, including a catalogue of electronic communications of the trustee and the content of electronic communications.