Title 28 — COMMERCIAL TRANSACTIONS
27 chapters · 6 sections in this title.
Idaho Code § 28-5301 short title
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28-5301. short title. This chapter shall be known and may be cited as the "Digital Assets Act."
Idaho Code § 28-5302 scope
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28-5302. scope. This chapter defines the legal status of digital assets. Digital assets are subject to applicable laws or rules that apply to their business or activity.
Idaho Code § 28-5303 Definitions
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28-5303. Definitions. As used in this chapter: (1) "Adverse claim" means a claimant that has a property interest in a virtual currency or a right to payment evidenced by the virtual currency. (2) "Control" means the ability to exclude others from the use of property and includes …
Idaho Code § 28-5304 Classification of digital assets
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28-5304. Classification of digital assets. Digital assets are intangible personal property and are classified as follows: (1) Digital assets are intangible personal property and are general intangibles as defined in section 28-9-102, Idaho Code. (2) Digital securities are intangi…
Idaho Code § 28-5305 purchase and sale
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28-5305. purchase and sale. (1) Digital assets may be purchased and sold in the same manner and subject to the same laws of this state as other personal property. A purchaser or seller may be identified in any way including by name, identifying number, private key, office, or acc…
Idaho Code § 28-5306 perfection by possession or control
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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 secur…