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Code · Utah · Title 13 — Commerce and Trade · Chapter 62

13-62-102. Ownership of digital assets.

111 words·~1 min read·/ut/title-13/chapter-62/13-62-102

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/4/2022
13-62-102. Ownership of digital assets.
(1)Digital securities are intangible personal property and shall be considered securities and investment property for purposes of this chapter, Title 70A, Chapter 8, Uniform Commercial Code - Investment Securities , and Title 70A, Chapter 9a, Uniform Commercial Code - Secured Transactions .
(2)An owner of a digital user asset may demonstrate ownership of the digital user asset through control.
(3)Nothing in this chapter shall be interpreted to restrict or impair an owner's right to own a digital asset.
Enacted by Chapter 448 , 2022 General Session
Technically renumbered to avoid duplication of newly enacted Chapter also in SB 227, Chapter 462.
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