# Fla. Stat. § 740.05: 740.05 Fiduciary duty and authority > Florida · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.05 ## Section - **Citation:** Fla. Stat. § 740.05 - **Heading:** 740.05 Fiduciary duty and authority - **Jurisdiction:** Florida - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Florida Code / Title XLII / Chapter 740 / Section 740.05 ## Text (1) The legal duties imposed on a fiduciary charged with managing tangible property apply to the management of digital assets, including: (a) The duty of care; (b) The duty of loyalty; and (c) The duty of confidentiality. (2) A fiduciary’s or designated recipient’s authority with respect to a digital asset of a user: (a) Except as otherwise provided in s. 740.003, is subject to the applicable terms-of-service agreement; (b) Is subject to other applicable law, including copyright law; (c) In the case of a fiduciary, is limited by the scope of the fiduciary’s duties; and (d) May not be used to impersonate the user. (3) A fiduciary with authority over the tangible personal property of a decedent, ward, principal, or settlor has the right to access any digital asset in which the decedent, ward, principal, or settlor had or has a right or interest and that is not held by a custodian or subject to a terms-of-service agreement. (4) A fiduciary acting within the scope of the fiduciary’s duties is an authorized user of the property of the decedent, ward, principal, or settlor for the purpose of applicable computer fraud and unauthorized computer access laws, including under chapter 815. (5) A fiduciary with authority over the tangible personal property of a decedent, ward, principal, or settlor: (a) Has the right to access the property and any digital asset stored in it; and (b) Is an authorized user for the purpose of computer fraud and unauthorized computer access laws, including under chapter 815. (6) 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. (7) A fiduciary of a user may request a custodian to terminate the user’s account. A request for termination must be in writing, in paper or electronic form, and accompanied by: (a) If the user is deceased, a certified copy of the death certificate of the user; (b) A certified copy of the letters of administration; the order authorizing a curator or administrator ad litem; the order of summary administration issued pursuant to chapter 735; or the court order, power of attorney, or trust giving the fiduciary authority over the account; and (c) If requested by the custodian: 1. A number, username, 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 subparagraph 1. History: s. 15, ch. 2016-46. ## Nearby sections - [Fla. Stat. § 740.001 740.001 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.001.md) - [Fla. Stat. § 740.01 740.01 Disclosure of digital assets held in trust when trustee is the original user.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.01.md) - [Fla. Stat. § 740.02 740.02 Disclosure of content of electronic communications held in trust when trustee is not the original user.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.02.md) - [Fla. Stat. § 740.002 740.002 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.002.md) - [Fla. Stat. § 740.03 740.03 Disclosure of other digital assets held in trust when trustee is not the original user.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.03.md) - [Fla. Stat. § 740.003 740.003 User direction for disclosure of digital assets.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.003.md) - [Fla. Stat. § 740.004 740.004 Terms-of-service agreement preserved.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.004.md) - [Fla. Stat. § 740.04 740.04 Disclosure of digital assets to guardian of ward.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.04.md) - [Fla. Stat. § 740.005 740.005 Procedure for disclosing digital assets.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.005.md) - [Fla. Stat. § 740.05 740.05 Fiduciary duty and authority.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.05.md) - [Fla. Stat. § 740.006 740.006 Disclosure of content of electronic communications of deceased user.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.006.md) - [Fla. Stat. § 740.06 740.06 Custodian compliance and immunity.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.06.md) - [Fla. Stat. § 740.007 740.007 Disclosure of other digital assets of deceased user.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.007.md) - [Fla. Stat. § 740.07 740.07 Relation to Electronic Signatures in Global and National Commerce Act.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.07.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLII_C740_S740.05. Check the current official text before relying on it. Not legal advice.