All Roll Calls
Yes: 191 • No: 0
UtahH.B. 5192026 General SessionHouse
Unclaimed Property Modifications
Sponsored By: Jordan D. Teuscher (Republican)
Signed by Governor
Electronic TransactionsTechnologyBusinessGovernment Operations (State Issues)Revenue and TaxationState Treasurer
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 0 costs, 2 mixed.
Digital asset owners gain sale safeguards
Beginning May 6, 2026, Utah’s regular sale rules require a three-year wait after both custodian receipt and owner notice. The waiting period starts with whichever event happens later. Assets listed on an established exchange cannot sell below the exchange price at the time of sale. Unlisted assets require a commercially reasonable sale method. After a claim is approved, the claimant can request a sale and receive the proceeds after costs.
Digital asset holders must preserve abandoned assets
Beginning May 6, 2026, holders must deliver transferable digital assets in their original form to Utah’s chosen custodian within 30 days after reporting. They must provide proof of delivery on request and submit a reconciliation within 30 days after delivery. Holders without the private key or other transfer authority must report and maintain the assets. They must check at least annually for transfer authority. Once they obtain it, they must deliver the assets at the next reporting cycle.
Utah brings idle digital assets into custody
Beginning May 6, 2026, Utah’s unclaimed-property rules cover qualifying digital assets held, issued, or owed by businesses. These include cryptocurrency, stablecoins, and non-fungible tokens, but exclude securities, game content, gift cards, and loyalty cards. Digital assets are generally presumed abandoned three years after the owner’s last sign of interest. For holders that regularly send physical mail, the deadline is three years after the later of two events: returned first-class mail or the owner’s last sign of interest. These rules let assets enter the state’s recovery process but also subject them to state custody.
Utah can order early digital asset sales
Beginning May 6, 2026, Utah can order a reported digital asset sold when custody is impossible or costs exceed its value. The holder must use a commercially reasonable method, obtain at least the current market price, and deliver proceeds after costs. Utah can also order a sale before the asset’s report is due. A holder that reasonably believes it cannot sell must promptly explain why in writing, and Utah must direct another way to handle it. These powers provide a way to handle assets the state cannot keep, but can turn owners’ assets into cash.
Sponsors & Cosponsors
Sponsor
Jordan D. Teuscher
Republican • House
Cosponsors
Kirk A. Cullimore
Republican • Senate
Roll Call Votes
House vote • 3/3/2026
House/ concurs with Senate amendment
Yes: 68 • No: 0
Senate vote • 3/2/2026
Senate/ passed 3rd reading
Yes: 25 • No: 0
Senate vote • 2/25/2026
Senate Comm - Substitute Recommendation
Yes: 5 • No: 0
Senate vote • 2/25/2026
Senate Comm - Favorable Recommendation
Yes: 4 • No: 0
Senate vote • 2/25/2026
Senate Comm - Consent Calendar Recommendation
Yes: 3 • No: 0
House vote • 2/19/2026
House/ passed 3rd reading
Yes: 65 • No: 0
House vote • 2/17/2026
House Comm - Amendment Recommendation
Yes: 7 • No: 0
House vote • 2/17/2026
House Comm - Consent Calendar Recommendation
Yes: 7 • No: 0
House vote • 2/17/2026
House Comm - Favorable Recommendation
Yes: 7 • No: 0
Actions Timeline
Governor Signed
3/18/2026House/ to Governor
3/12/2026HouseHouse/ received enrolled bill from Printing
3/12/2026HouseHouse/ enrolled bill to Printing
3/11/2026HouseEnrolled Bill Returned to House or Senate
3/11/2026Draft of Enrolled Bill Prepared
3/5/2026Bill Received from House for Enrolling
3/5/2026House/ signed by Speaker/ sent for enrolling
3/4/2026HouseHouse/ received from Senate
3/4/2026HouseSenate/ to House
3/3/2026SenateSenate/ signed by President/ returned to House
3/3/2026SenateSenate/ received from House
3/3/2026SenateHouse/ to Senate
3/3/2026HouseHouse/ concurs with Senate amendment
3/3/2026HouseHouse/ placed on Concurrence Calendar
3/2/2026HouseHouse/ received from Senate
3/2/2026HouseSenate/ to House with amendments
3/2/2026SenateSenate/ passed 3rd reading
3/2/2026SenateSenate/ 3rd reading
3/2/2026SenateSenate/ 2nd reading
2/25/2026SenateSenate/ comm rpt/ substituted/ Consent Calendar
2/25/2026SenateSenate Comm - Consent Calendar Recommendation
2/25/2026Senate Comm - Favorable Recommendation
2/25/2026Senate Comm - Substitute Recommendation
2/25/2026Senate/ to standing committee
2/23/2026Senate
Bill Text
Enrolled
3/11/2026
Substitute #1
2/20/2026
Amended 2/17/2026 12:02:533
2/17/2026
Introduced
2/9/2026