Utah § 4a-702.5 - Disposal of digital assets -- Liquidation before filing -- Recovery of digital assets or value by owner.
Full text of Utah Utah Code § 4a-702.5 — Disposal of digital assets -- Liquidation before filing -- Recovery of digital assets or value by owner., with citation guidance and answers to common questions.
§ 4a-702.5. Disposal of digital assets -- Liquidation before filing -- Recovery of digital assets or value by owner.
Effective 5/6/2026 67-4a-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.
Section 4a-702.5 ("Disposal of digital assets -- Liquidation before filing -- Recovery of digital assets or value by owner.") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 4a-702.5?
A common citation format is "Utah Code § 4a-702.5" (Utah). 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 Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 4a-702.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
