Utah Statutes
§ 13-62-102 — Ownership of digital assets.
Utah·Title 13 Commerce and Trade·Ch. 13-62 Digital Asset Management Act·Part 13-62-1 General Provisions
(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.
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Legislative History
Enacted by Chapter 448, 2022 General Session
Nearby Sections
15
§ 13-1-15
Exemptions from licensure.§ 13-1-18
License by endorsement.§ 13-1-2
Creation and functions of department -- Divisions created -- Fees -- Commerce Service Account.§ 13-1-3
Executive director.§ 13-1-4
Centralization of duties.§ 13-1-6
Rules and regulations.§ 13-1-7
Budgets.§ 13-1-8
Annual report.§ 13-1-8.5
Procedures -- Adjudicative proceedings.§ 13-10-1
Title of chapter.§ 13-10-2
Purpose of chapter.