Bill Summary for Bill Number 2.a. Uniform Fiduciary Access to Digital Assets, LLS 16-0126

Date: 11/30/2015

Final
2.a. Uniform Fiduciary Access to Digital Assets, LLS 16-0126

COMMITTEE ON COLORADO COMMISSION ON UNIFORM STATE LAWS

Votes: View-->	Action Taken:
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01:09 PM -- 2.a. Uniform Fiduciary Access to Digital Assets, LLS 16-0126

01:10 PM -- Victoria Bantz, CBA Business Law Section,shared with the commission the section’s proposed language changes.
01:10 PM -- Stanley Kent, former CCUSL Commissioner and member of the act's drafting committee,stated that the language change seems to be acceptable, is compatible with the act’s intent, and should help the bill move forward with the CBA. He noted that this change does not necessarily address the banking industry’s issues that arose late last session.
The commission asked for specific examples that the new language addresses. The commission also noted for the record that although the banking industry sent the commission a letter, they have not taken the opportunity to come to a CCUSL meeting to discuss any potential concerns and remedies regarding this act.