Location: LSB B
Final
BILL SUMMARY for SB16-088
SENATE COMMITTEE ON JUDICIARY
BILL SUMMARY for SB16-088
SENATE COMMITTEE ON JUDICIARY
| Votes: View--> | Action Taken: |
| Adopt amendment L.001 (Attachment A). The motion p Adopt amendment L.002 (Attachment B). The motion p Refer Senate Bill 16-088, as amended, to the Commi |
Pass Without Objection Pass Without Objection PASS |
11:21 AM -- SB16-088
Senator Steadman, sponsor, presented Senate Bill 16-088, concerning the Revised Uniform Fiduciary Access to Digital Assets Act. Senator Steadman discussed the reasons for bringing the bill, and provided background on similar legislation introduced in prior sessions. Senator Steadman distributed and explained Amendments L.001 (Attachment A) and L.002 (Attachment B).
11:26 AM -- Mr. Stanley Kent, commissioner on the Uniform Law Commission, testified in support of the bill. Mr. Kent discussed existing Colorado and federal law, reasons to adopt the uniform law, and the differences between SB 16-088 and similar bills introduced in prior sessions. He stated that attorney groups within the Colorado Bar Association have vetted the bill.
11:36 AM
Mr. Kent responded to questions on time limitations for finding digital assets, protections for decedents, and provisions of the bill that allow an individual to use an on-line tool to override that individual's will, trust, power of attorney, or other record.
11:46 AM
The committee, Senator Steadman, and Mr. Kent continued to discuss provisions relating to individuals affirmatively granting access to digital assets.
11:53 AM
Senator Steadman and Mr. Kent explained the proposed amendments.
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| BILL: | SB16-088 | |
| TIME: | 11:56:14 AM | |
| MOVED: | Aguilar | |
| MOTION: | Adopt amendment L.001 (Attachment A). The motion passed without objection. | |
| SECONDED: | |
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VOTE |
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Aguilar |
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Cooke |
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Merrifield |
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Lundberg |
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Roberts |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | SB16-088 | |
| TIME: | 11:57:06 AM | |
| MOVED: | Aguilar | |
| MOTION: | Adopt amendment L.002 (Attachment B). The motion passed without objection. | |
| SECONDED: | |
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VOTE |
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Aguilar |
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Cooke |
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Merrifield |
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Lundberg |
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Roberts |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | SB16-088 | |
| TIME: | 11:57:18 AM | |
| MOVED: | Aguilar | |
| MOTION: | Refer Senate Bill 16-088, as amended, to the Committee of the Whole. The motion passed on a vote of 5-0. | |
| SECONDED: | |
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VOTE |
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Aguilar |
Yes |
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Cooke |
Yes |
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Merrifield |
Yes |
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Lundberg |
Yes |
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Roberts |
Yes |
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Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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