Disposal of digital assets -- Liquidation before filing -- Recovery of digital assets or value by owner.
Utah Code § 67-4a-702.5
in effect67-4a-702.5. Disposal of digital assets -- Liquidation before filing -- Recovery of digital assets or value by owner.
(1) The administrator may not sell or otherwise liquidate a digital asset until three years after:
(a) the administrator's designated custodian receives the digital asset; and
(b) the administrator provides notice to the apparent owner under Section 67-4a-503 that the administrator holds the digital asset.
(2) The administrator may not sell a digital asset listed on an established exchange for less than the price prevailing on the exchange at the time of sale.
(3) The administrator may sell a digital asset not listed on an established exchange by any commercially reasonable method.
(4)
(a) Notwithstanding Subsection (1), the administrator may direct a digital asset holder to liquidate a digital asset before the date on which the filing of a report under Section 67-4a-401 for the digital currency is due.
(b) A digital asset holder to whom the administrator directs to liquidate a digital asset under this Subsection (4) may transfer the digital asset to a state-owned account maintained by the digital asset holder before the liquidation.
(c) If a digital asset holder subject to this Subsection (4) reasonably believes the digital asset cannot be liquidated or otherwise cause the digital asset to be liquidated, the digital asset holder shall promptly send to the administrator a written notice that provides an explanation as to why the digital asset cannot be liquidated.
(d) Upon receiving written notice from a digital asset holder under Subsection (4)(c), the administrator shall direct the digital asset holder concerning an alternative disposition of the digital asset.
(5) The administrator or a digital asset holder may not be held liable for any loss or gain in the value that a digital asset would have obtained had the digital asset been held instead of being sold.
(6) Upon approval of a claim, the claimant may request the administrator to dispose of a digital asset by sale and remit the net proceeds to the claimant.
(7) Upon disapproval of a claim, the administrator may dispose of the digital asset by sale.
Enacted by Chapter 158, 2026 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title67/Chapter4A/67-4a-S702.5.html?v=C67-4a-S702.5_2026050620260506Fetched: 10/26/2026