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Utah Code § 13-62-102

Ownership of digital assets

Enacted by Chapter 448, 2022 General Session

(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.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.