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Texas Estates Code - EST § 2001.202. Authority to Terminate Account

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A custodian may disclose information in an account to a fiduciary of the user when the information is required to terminate an account used to access digital assets licensed to the user.

(b) A fiduciary of a user may request a custodian to terminate the user's account.  A request for termination must be in writing, in physical or electronic form, and accompanied by:

(1) if the user is deceased, a certified copy of the death certificate of the user;  and

(2) one of the following giving the fiduciary authority over the account:

(A) a certified copy of letters testamentary or of administration, a small estate affidavit filed under Section 205.001, or other court order;

(B) a power of attorney;  or

(C) the trust instrument.

(c) In addition to the items required to accompany a termination request under Subsection (b), the fiduciary shall provide the following if requested by the custodian:

(1) a number, user name, address, or other unique subscriber or account identifier assigned by the custodian to identify the user's account;

(2) evidence linking the account to the user;  or

(3) a finding by the court that the user had a specific account with the custodian, identifiable by the information specified in Subdivision (1).

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Cite this article: FindLaw.com - Texas Estates Code - EST § 2001.202. Authority to Terminate Account - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-2001-202/

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