Section 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.