Vermont Statutes Title 14 Sec. 3553
Terms Used In Vermont Statutes Title 14 Sec. 3553
- Custodian: means a person who carries, maintains, processes, receives, or stores a digital asset of a user. See
- Decedent: A deceased person.
- Digital asset: means an electronic record in which an individual has a right or interest. See
- Personal representative: means an executor, administrator, or special administrator, or a person who performs substantially the same function as an executor, administrator, or special administrator under law of this State other than this chapter. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- User: means a person who has an account with a custodian. See
§ 3553. Applicability
(a) This chapter applies to:
(1) a fiduciary acting under a will or power of attorney executed before, on, or after July 1, 2017;
(2) a personal representative acting for a decedent who died before, on, or after July 1, 2017;
(3) a guardianship proceeding commenced before, on, or after July 1, 2017; and
(4) a trustee acting under a trust created before, on, or after July 1, 2017.
(b) This chapter applies to a custodian if the user resides in this State or resided in this State at the time of the user’s death.
(c) This chapter does not apply to a digital asset of an employer used by an employee in the ordinary course of the employer’s business. (Added 2017, No. 13, § 1.)