(A) Not later than sixty days after receipt of the information required under §§ 62-2-1035 through 62-2-1075, a custodian shall comply with a request under this part 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, as amended.

Need help with a review of a will?
Have it reviewed by a lawyer, get answers to your questions and move forward with confidence.
Connect with a lawyer now

Terms Used In South Carolina Code 62-2-1080

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fiduciary: A trustee, executor, or administrator.

(C) A custodian may notify the user that a request for disclosure or to terminate an account was made under this part.

(D) A custodian may deny a request under this part 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 part does not limit a custodian’s ability to obtain or require a fiduciary or designated recipient requesting disclosure or termination under this part to obtain a court order which:

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

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

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

(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 part.