2017 New York Laws
EPT - Estates, Powers & Trusts
Article 13-A - Administration of Digital Assets Summary of Article
Part 4 - Fiduciary Duty and Authority, Compliance and Immunity
13-A-4.2 - Custodian Compliance and Immunity

13-A-4.2 Custodian compliance and immunity
(a)  Not  later  than  sixty  days  after  receipt  of the information
  required under sections 13-A-3.1 through  13-A-4.1,  a  custodian  shall
  comply  with a request under this article from a fiduciary or designated
  recipient to disclose digital assets or terminate  an  account.  If  the
  custodian  fails  to  comply,  the fiduciary or designated recipient may
  apply to the court for an order directing compliance.
(b) An order under paragraph (a) directing compliance must  contain  a
  finding  that  compliance is not in violation of 18 U.S.C. section 2702,
  as amended.
(c) A custodian may notify the user that a request for  disclosure  or
  to terminate an account was made under this article.
(d) A custodian may deny a request under this article from a fiduciary
  or designated recipient for disclosure of digital assets or to terminate
  an account if the custodian is aware of any lawful access to the account
  following the receipt of the fiduciary's request.
(e)  This  article  does  not limit a custodian's ability to obtain or
  require a fiduciary or designated  recipient  requesting  disclosure  or
  termination under this article to obtain a court order which:
(1) specifies that an account belongs to the ward or principal;
(2)  specifies  that  there  is  sufficient  consent  from the ward or
  principal to support the requested disclosure; and
(3) contains a finding required by law other than this article.
(f) A custodian and its officers, employees,  and  agents  are  immune
  from  liability  for an act or omission done in good faith in compliance
  with this article.