Idaho § 28-5306
Full text of Idaho Idaho Statutes § 28-5306, with citation guidance and answers to common questions.
§ 28-5306.
perfection by possession or control. (1) Perfection by possession creates a possessory security interest under section 28-9-301 , Idaho Code.
(2) A security interest held by a secured party having possession or control has priority over a security interest held by a secured party that does not have possession or control, as applicable. Other provisions of law relating to perfection and priority of security interests, including section 28-9-207 , Idaho Code, and priority of control over delivery, shall apply, except that section 28-9-322 (a)(1) and (b), Idaho Code, shall not apply.
(3) A person that acquires an interest in and obtains control of a virtual currency without notice of any adverse claim takes the interest in the virtual currency and in any right to payment evidenced by the virtual currency free of any adverse claim.
[28-5306, added 2022, ch. 284, sec. 1, p. 903.]
Frequently Asked Questions About Idaho § 28-5306
What does Idaho Statutes § 28-5306 cover?
Section 28-5306 is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 28-5306?
A common citation format is "Idaho Statutes § 28-5306" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 28-5306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.